Metals Acquisition (NYSE:MTAL) Shares Down 3.1% – Time to Sell?

Metals Acquisition Limited (NYSE:MTAL)’s stock price fell 3.1% on Monday . The company traded as low as $10.35 and last traded at $10.36. 202,928 shares changed hands during trading, a decline of 32% from the average session volume of 297,743 shares. The stock had previously closed at $10.69.

Analyst Ratings Changes

Separately, Scotiabank reduced their price target on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research report on Monday, January 6th.

Metals Acquisition Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $10.66 and a 200 day moving average price of $11.58.

Institutional Investors Weigh In On Metals Acquisition

Several large investors have recently added to or reduced their stakes in MTAL. Quarry LP acquired a new position in shares of Metals Acquisition during the third quarter valued at $34,000. Quadrant Capital Group LLC acquired a new position in Metals Acquisition during the 4th quarter valued at about $26,000. Quantbot Technologies LP bought a new position in Metals Acquisition in the 3rd quarter worth about $46,000. Signaturefd LLC acquired a new stake in shares of Metals Acquisition in the fourth quarter valued at approximately $36,000. Finally, FMR LLC bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $107,000. 87.47% of the stock is owned by institutional investors and hedge funds.

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.