FY2024 EPS Estimates for Metals Acquisition Limited Cut by Analyst (NYSE:MTAL)

Metals Acquisition Limited (NYSE:MTAL) – Research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for Metals Acquisition in a note issued to investors on Tuesday, April 23rd. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.95 for the year, down from their prior forecast of $1.11. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share. National Bank Financial also issued estimates for Metals Acquisition’s FY2025 earnings at $0.91 EPS.

Separately, Scotiabank assumed coverage on Metals Acquisition in a report on Monday, March 4th. They issued a “sector outperform” rating and a $14.50 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Metals Acquisition has an average rating of “Buy” and a consensus price target of $13.92.

Metals Acquisition Stock Up 0.5 %

Shares of MTAL opened at $13.22 on Thursday. The business has a 50-day moving average of $12.76 and a 200-day moving average of $11.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. Metals Acquisition has a 1 year low of $8.49 and a 1 year high of $14.11.

Institutional Investors Weigh In On Metals Acquisition

Hedge funds have recently added to or reduced their stakes in the business. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of Metals Acquisition by 8.3% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 3,572,728 shares of the company’s stock valued at $44,159,000 after acquiring an additional 272,727 shares in the last quarter. Sprott Inc. bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $17,970,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of Metals Acquisition by 10.4% during 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 acquiring an additional 64,616 shares in the last quarter. CI Investments Inc. bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $6,676,000. Finally, Kepos Capital LP bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $210,000. 87.47% of the stock is currently owned by 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.