Metals Acquisition Limited Expected to Earn Q1 2024 Earnings of $0.22 Per Share (NYSE:MTAL)

Metals Acquisition Limited (NYSE:MTAL) – Analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for Metals Acquisition in a research report issued on Thursday, April 18th. National Bank Financial analyst S. Nagle forecasts that the company will earn $0.22 per share for the quarter. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share.

Separately, Scotiabank assumed coverage on Metals Acquisition in a research note on Monday, March 4th. They set a “sector outperform” rating and a $14.50 price target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.92.

Metals Acquisition Price Performance

Shares of NYSE:MTAL opened at $13.15 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. The business has a 50-day moving average of $12.73 and a two-hundred day moving average of $11.70. Metals Acquisition has a 12 month low of $8.49 and a 12 month high of $14.11.

Institutional Investors Weigh In On Metals Acquisition

A number of large investors have recently modified their holdings of the stock. Regal Partners Ltd grew its stake in shares of Metals Acquisition by 1.2% in the third quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock valued at $3,638,000 after buying an additional 3,705 shares in the last quarter. Kepos Capital LP acquired a new stake in shares of Metals Acquisition in the third quarter valued at about $210,000. Tuttle Capital Management LLC acquired a new stake in shares of Metals Acquisition in the first quarter valued at about $517,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Metals Acquisition by 10.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 687,139 shares of the company’s stock valued at $8,232,000 after buying an additional 64,616 shares in the last quarter. Finally, Platinum Investment Management Ltd. grew its stake in shares of Metals Acquisition by 9.8% in the fourth quarter. Platinum Investment Management Ltd. now owns 2,236,246 shares of the company’s stock valued at $27,640,000 after buying an additional 199,898 shares in the last quarter. Institutional investors and hedge funds 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.