SG Americas Securities LLC Increases Stock Position in Metals Acquisition Limited (NYSE:MTAL)

SG Americas Securities LLC increased its position in shares of Metals Acquisition Limited (NYSE:MTAL) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,959 shares of the company’s stock after purchasing an additional 2,232 shares during the quarter. SG Americas Securities LLC’s holdings in Metals Acquisition were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Metals Acquisition in the 3rd quarter worth approximately $34,000. Quantbot Technologies LP purchased a new stake in Metals Acquisition in the 3rd quarter worth about $46,000. FMR LLC bought a new stake in Metals Acquisition in the 3rd quarter valued at about $107,000. Tidal Investments LLC purchased a new stake in Metals Acquisition during the third quarter valued at about $186,000. Finally, Creative Planning bought a new position in Metals Acquisition during the third quarter worth about $190,000. 87.47% of the stock is owned by institutional investors.

Metals Acquisition Stock Up 0.5 %

Shares of Metals Acquisition stock opened at $10.91 on Friday. The company’s 50-day moving average price is $11.13 and its 200-day moving average price is $11.83. Metals Acquisition Limited has a 12-month low of $9.89 and a 12-month high of $15.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price objective on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating for the company in a 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.