Barclays PLC Boosts Holdings in Metals Acquisition Limited (NYSE:MTAL)

Barclays PLC grew its stake in Metals Acquisition Limited (NYSE:MTAL) by 286.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,260 shares of the company’s stock after purchasing an additional 53,567 shares during the quarter. Barclays PLC owned approximately 0.10% of Metals Acquisition worth $1,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank acquired a new stake in Metals Acquisition in the 2nd quarter worth about $26,000. Quarry LP acquired a new stake in shares of Metals Acquisition in the third quarter worth approximately $34,000. Quantbot Technologies LP acquired a new stake in shares of Metals Acquisition in the third quarter worth approximately $46,000. FMR LLC purchased a new stake in shares of Metals Acquisition during the third quarter worth approximately $107,000. Finally, Creative Planning acquired a new position in Metals Acquisition in the 3rd quarter valued at $190,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Metals Acquisition Stock Up 1.2 %

Shares of Metals Acquisition stock opened at $10.37 on Wednesday. Metals Acquisition Limited has a 1-year low of $9.89 and a 1-year high of $15.26. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. The stock’s 50 day simple moving average is $11.70 and its 200-day simple moving average is $12.20.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their target price on shares of 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 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.