Sprott Inc. Lowers Stock Position in Metals Acquisition Limited (NYSE:MTAL)

Sprott Inc. trimmed its position in Metals Acquisition Limited (NYSE:MTAL) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,314,105 shares of the company’s stock after selling 185,895 shares during the quarter. Sprott Inc.’s holdings in Metals Acquisition were worth $13,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Metals Acquisition by 12.6% in the fourth quarter. SG Americas Securities LLC now owns 19,959 shares of the company’s stock worth $212,000 after purchasing an additional 2,232 shares during the period. Tidal Investments LLC purchased a new position in shares of Metals Acquisition during the 3rd quarter valued at $186,000. Barclays PLC boosted its holdings in Metals Acquisition by 286.6% in the 3rd quarter. Barclays PLC now owns 72,260 shares of the company’s stock worth $1,000,000 after buying an additional 53,567 shares during the period. Wellington Management Group LLP increased its stake in Metals Acquisition by 799.1% in the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock worth $12,598,000 after buying an additional 808,418 shares in the last quarter. Finally, State Street Corp raised its holdings in Metals Acquisition by 28.7% during the third quarter. State Street Corp now owns 698,943 shares of the company’s stock valued at $9,680,000 after acquiring an additional 156,022 shares during the period. Institutional investors own 87.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped 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 Trading Down 0.4 %

Metals Acquisition stock opened at $10.69 on Wednesday. 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 firm’s 50 day moving average price is $10.75 and its 200-day moving average price is $11.73. Metals Acquisition Limited has a 1 year low of $9.89 and a 1 year high of $15.26.

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.