FY2024 EPS Estimates for Metals Acquisition Limited (NYSE:MTAL) Lifted by National Bank Financial

Metals Acquisition Limited (NYSE:MTAL) – Investment analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Metals Acquisition in a research report issued on Thursday, April 4th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $1.24 for the year, up from their previous forecast of $1.14. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share.

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

Metals Acquisition Price Performance

Metals Acquisition stock opened at $13.50 on Monday. Metals Acquisition has a 52 week low of $8.49 and a 52 week high of $14.11. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.45. The business’s 50-day simple moving average is $12.60 and its 200-day simple moving average is $11.59.

Institutional Trading of Metals Acquisition

Several institutional investors have recently bought and sold shares of MTAL. Sprott Inc. bought a new position in Metals Acquisition in the 3rd quarter valued at $17,970,000. Adage Capital Partners GP L.L.C. raised its holdings 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 during the last quarter. CI Investments Inc. acquired a new position in Metals Acquisition during the 3rd quarter worth about $6,676,000. Kepos Capital LP bought a new stake in Metals Acquisition during the 3rd quarter worth about $210,000. Finally, Regal Partners Ltd grew its holdings in Metals Acquisition by 1.2% during the 3rd quarter. Regal Partners Ltd now owns 303,705 shares of the company’s stock worth $3,638,000 after acquiring an additional 3,705 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

About Metals Acquisition

Metals Acquisition Limited focuses on operating and acquiring metals and mining businesses. The company operates the CSA copper mine in Cobar, Australia. Metals Acquisition Limited is headquartered in Saint Helier, Jersey.