Metals Acquisition Limited (NYSE:MTAL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Metals Acquisition Limited (NYSE:MTAL) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,070 shares of the company’s stock after selling 3,405 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Metals Acquisition worth $915,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of Metals Acquisition by 54.3% during the 2nd quarter. Millennium Management LLC now owns 1,919,918 shares of the company’s stock valued at $26,284,000 after acquiring an additional 675,340 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Metals Acquisition by 799.1% during the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company’s stock worth $12,598,000 after purchasing an additional 808,418 shares during the last quarter. State Street Corp lifted its stake in shares of Metals Acquisition by 28.7% in the third quarter. State Street Corp now owns 698,943 shares of the company’s stock valued at $9,680,000 after buying an additional 156,022 shares during the period. Bank of Montreal Can acquired a new stake in shares of Metals Acquisition during the 3rd quarter worth approximately $6,049,000. Finally, Regal Partners Ltd increased its position in shares of Metals Acquisition by 1.7% during 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. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Metals Acquisition Trading Up 0.2 %

Shares of NYSE MTAL opened at $10.86 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average is $11.42 and its 200-day moving average is $12.04. Metals Acquisition Limited has a 1 year low of $9.89 and a 1 year high of $15.26.

Analyst Upgrades and Downgrades

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

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.