United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Boosts Position in Metals Acquisition Limited (NYSE:MTAL)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in Metals Acquisition Limited (NYSE:MTAL) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,572,728 shares of the company’s stock after acquiring an additional 272,727 shares during the quarter. Metals Acquisition comprises approximately 2.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 15th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned 7.38% of Metals Acquisition worth $44,159,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Metals Acquisition during the second quarter valued at approximately $49,594,000. Sprott Inc. bought a new position in Metals Acquisition in the third quarter valued at about $17,970,000. CI Investments Inc. bought a new position in Metals Acquisition in the 3rd quarter worth $6,676,000. Berkley W R Corp increased its stake in shares of Metals Acquisition by 455.8% in the first quarter. Berkley W R Corp now owns 412,302 shares of the company’s stock worth $4,214,000 after purchasing an additional 338,121 shares in the last quarter. Finally, Regal Partners Ltd purchased a new stake in Metals Acquisition during the 2nd quarter valued at approximately $3,090,000. Institutional investors own 87.47% of the company’s stock.

Metals Acquisition Trading Down 3.3 %

Shares of Metals Acquisition stock traded down $0.44 on Wednesday, reaching $13.06. The company had a trading volume of 60,700 shares, compared to its average volume of 41,347. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.31 and a quick ratio of 0.23. The firm’s 50-day moving average price is $12.67 and its two-hundred day moving average price is $11.65. Metals Acquisition Limited has a 1 year low of $8.49 and a 1 year high of $14.11.

Wall Street Analyst Weigh In

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

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.