Metals Acquisition (NYSE:MTAL – Get Free Report) had its price objective lowered by stock analysts at Scotiabank from $17.00 to $16.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 39.25% from the company’s current price.
Separately, BMO Capital Markets increased their price target on shares of Metals Acquisition from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, July 23rd.
Read Our Latest Stock Analysis on Metals Acquisition
Metals Acquisition Trading Down 2.9 %
Institutional Investors Weigh In On Metals Acquisition
Hedge funds have recently modified their holdings of the business. Amalgamated Bank acquired a new position in shares of Metals Acquisition in the 2nd quarter valued at approximately $26,000. Marshall Wace LLP lifted its stake in Metals Acquisition by 57.4% in the second quarter. Marshall Wace LLP now owns 24,126 shares of the company’s stock valued at $330,000 after buying an additional 8,799 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Metals Acquisition in the second quarter valued at approximately $205,000. The Manufacturers Life Insurance Company acquired a new position in shares of Metals Acquisition in the second quarter valued at approximately $278,000. Finally, Tuttle Capital Management LLC bought a new stake in shares of Metals Acquisition during the first quarter worth $517,000. Institutional investors and hedge funds own 87.47% of the company’s stock.
Metals Acquisition Company Profile
Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.
Featured Stories
- Five stocks we like better than Metals Acquisition
- Quiet Period Expirations Explained
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- 3 REITs to Buy and Hold for the Long Term
- Lowe’s Stock: Hold Now, Buy it When it Dips
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Metals Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metals Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.