Q4 EPS Estimates for MTAL Lifted by National Bank Financial

Metals Acquisition Limited (NYSE:MTAL) – Equities researchers at National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for Metals Acquisition in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.23 per share for the quarter, up from their previous estimate of $0.01. The consensus estimate for Metals Acquisition’s current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for Metals Acquisition’s FY2025 earnings at $0.78 EPS, FY2026 earnings at $1.14 EPS and FY2027 earnings at $1.14 EPS.

A number of other brokerages also recently issued reports on MTAL. BMO Capital Markets boosted their price objective on Metals Acquisition from $13.00 to $15.00 and gave the company a “market perform” rating in a research note on Tuesday, July 23rd. Scotiabank lowered their price target on shares of Metals Acquisition from $17.00 to $16.00 and set a “sector outperform” rating on the stock in a report on Monday, August 19th.

Metals Acquisition Trading Up 1.8 %

Shares of MTAL opened at $12.47 on Friday. The business has a 50-day simple moving average of $12.17 and a two-hundred day simple moving average of $12.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.84. Metals Acquisition has a 52 week low of $9.50 and a 52 week high of $15.26.

Hedge Funds Weigh In On Metals Acquisition

Several large investors have recently made changes to their positions in MTAL. Amalgamated Bank purchased a new stake in shares of Metals Acquisition during the second quarter worth about $26,000. Creative Planning bought a new position in Metals Acquisition in the 3rd quarter worth approximately $190,000. Squarepoint Ops LLC purchased a new stake in Metals Acquisition during the 2nd quarter valued at approximately $205,000. SG Americas Securities LLC bought a new stake in shares of Metals Acquisition during the third quarter valued at approximately $246,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Metals Acquisition in the second quarter worth $278,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

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.