Metals Acquisition (NYSE:MTAL) Sets New 52-Week Low – Should You Sell?

Metals Acquisition Limited (NYSE:MTAL)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $9.70 and last traded at $9.70, with a volume of 425 shares. The stock had previously closed at $10.17.

Wall Street Analyst Weigh In

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

Metals Acquisition Trading Down 0.6 %

The firm has a 50 day moving average price of $11.80 and a 200-day moving average price of $12.24. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84.

Institutional Investors Weigh In On Metals Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new stake in Metals Acquisition in the second quarter valued at about $26,000. Quarry LP bought a new stake in shares of Metals Acquisition in the third quarter worth about $34,000. Quantbot Technologies LP bought a new stake in shares of Metals Acquisition in the third quarter worth about $46,000. FMR LLC bought a new stake in shares of Metals Acquisition in the third quarter worth about $107,000. Finally, Tidal Investments LLC bought a new stake in shares of Metals Acquisition in the third quarter worth about $186,000. Institutional investors 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.