National Bank Financial Estimates MTAL FY2024 Earnings

Metals Acquisition Limited (NYSE:MTAL) – Equities research analysts at National Bank Financial lowered their FY2024 EPS estimates for Metals Acquisition in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.15 per share for the year, down from their prior forecast of $0.41. The consensus estimate for Metals Acquisition’s current full-year earnings is $0.29 per share. National Bank Financial also issued estimates for Metals Acquisition’s Q4 2024 earnings at $0.00 EPS.

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

Metals Acquisition Stock Down 0.1 %

Shares of NYSE:MTAL opened at $10.83 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. Metals Acquisition has a 12 month low of $9.89 and a 12 month high of $15.26. The firm’s 50-day moving average is $11.16 and its 200 day moving average is $11.84.

Institutional Trading of Metals Acquisition

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Metals Acquisition by 799.1% during the 3rd 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 in the last quarter. State Street Corp increased its position in shares of Metals Acquisition by 28.7% during the third quarter. State Street Corp now owns 698,943 shares of the company’s stock worth $9,680,000 after acquiring an additional 156,022 shares during the period. Bank of Montreal Can bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $6,049,000. Regal Partners Ltd boosted its holdings in shares of Metals Acquisition by 1.7% in the third quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock valued at $5,628,000 after purchasing an additional 6,651 shares during the period. Finally, Barclays PLC grew its stake in Metals Acquisition by 286.6% in the third quarter. Barclays PLC now owns 72,260 shares of the company’s stock worth $1,000,000 after purchasing an additional 53,567 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

About Metals Acquisition

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.