Metals Acquisition (NYSE:MTAL) Shares Gap Up to $11.73

Posted by Defense World Staff on Aug 27th, 2023

Metals Acquisition Limited (NYSE:MTAL – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $11.73, but opened at $12.05. Metals Acquisition shares last traded at $12.05, with a volume of 286 shares traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on MTAL. Canaccord Genuity Group began coverage on Metals Acquisition in a research note on Tuesday, July 25th. They issued a “buy” rating and a $13.00 price target for the company. Canaccord Genuity Group began coverage on Metals Acquisition in a research note on Tuesday, July 25th. They issued a “buy” rating and a $13.00 price target for the company. Finally, BMO Capital Markets began coverage on Metals Acquisition in a research note on Thursday, August 17th. They issued an “outperform” rating and a $14.00 price target for the company.

View Our Latest Report on MTAL

Metals Acquisition Stock Performance

The firm has a 50-day moving average of $10.65 and a 200 day moving average of $10.37.

Institutional Investors Weigh In On Metals Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Metals Acquisition in the first quarter valued at approximately $108,000. Cowen AND Company LLC bought a new stake in Metals Acquisition during the 1st quarter valued at $142,000. Sea Otter Advisors LLC bought a new stake in Metals Acquisition during the 4th quarter valued at $219,000. Maso Capital Partners Ltd bought a new stake in Metals Acquisition during the 1st quarter valued at $364,000. Finally, Flow State Investments L.P. bought a new stake in Metals Acquisition during the 4th quarter valued at $362,000. Institutional investors own 78.94% of the company’s stock.

Metals Acquisition Company Profile

(Get Free Report)

Metals Acquisition Limited focuses on operating and acquiring metals and mining businesses. It operates the CSA copper mine in Cobar, Australia. Metals Acquisition Limited is headquartered in St. Helier, Jersey.