Quadrant Capital Group LLC Invests $26,000 in Metals Acquisition Limited (NYSE:MTAL)

Quadrant Capital Group LLC acquired a new stake in shares of Metals Acquisition Limited (NYSE:MTAL) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,460 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Metals Acquisition by 799.1% during the third quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock valued at $12,598,000 after buying an additional 808,418 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Metals Acquisition by 58.5% in the 4th quarter. American Century Companies Inc. now owns 906,421 shares of the company’s stock worth $9,626,000 after purchasing an additional 334,505 shares in the last quarter. State Street Corp raised its holdings in Metals Acquisition by 28.7% in the 3rd quarter. State Street Corp now owns 698,943 shares of the company’s stock worth $9,680,000 after purchasing an additional 156,022 shares during the period. Barclays PLC lifted its position in Metals Acquisition by 286.6% during the third quarter. Barclays PLC now owns 72,260 shares of the company’s stock valued at $1,000,000 after purchasing an additional 53,567 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Metals Acquisition by 70.7% during the fourth quarter. JPMorgan Chase & Co. now owns 112,771 shares of the company’s stock valued at $1,198,000 after purchasing an additional 46,701 shares during the period. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Metals Acquisition Stock Up 6.1 %

Shares of MTAL opened at $8.40 on Friday. The business’s 50 day simple moving average is $10.11 and its 200-day simple moving average is $11.29. Metals Acquisition Limited has a 1 year low of $7.69 and a 1 year high of $15.26. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price objective on Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a research note on Monday, January 6th.

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.