Metals Acquisition (NYSE:MTAL) Hits New 52-Week Low - Here's What Happened

Metals Acquisition Limited (NYSE:MTAL - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.45 and last traded at $9.54, with a volume of 113013 shares changing hands. The stock had previously closed at $9.54.Get Metals Acquisition alerts:Analyst Upgrades and DowngradesSeparately, Scotiabank decreased their price target on Metals Acquisition from $16.00 to $14.50 and set a "sector outperform" rating on the stock in a research note on Monday, January 6th.Read Our Latest Stock Analysis on MTALMetals Acquisition Stock PerformanceThe firm has a 50 day moving average price of $10.67 and a 200-day moving average price of $11.65. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 0.85. Institutional Trading of Metals AcquisitionA number of large investors have recently made changes to their positions in the company. Glencore plc purchased a new position in Metals Acquisition in the fourth quarter valued at $106,200,000. Wellington Management Group LLP increased its holdings in shares of Metals Acquisition by 799.1% in the 3rd quarter. Wellington Management Group LLP now owns 909,588 shares of the company's stock valued at $12,598,000 after acquiring an additional 808,418 shares during the last quarter. Bank of Montreal Can purchased a new stake in Metals Acquisition during the third quarter worth approximately $6,049,000. American Century Companies Inc. lifted its stake in Metals Acquisition by 58.5% during the fourth quarter. American Century Companies Inc. now owns 906,421 shares of the company's stock worth $9,626,000 after purchasing an additional 334,505 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Metals Acquisition by 11.2% in the 4th quarter. Millennium Management LLC now owns 2,028,073 shares of the company's stock valued at $21,538,000 after buying an additional 204,439 shares in the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors. Metals Acquisition Company Profile (Get Free Report)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. Read MoreFive stocks we like better than Metals AcquisitionHow to Evaluate a Stock Before Buying How to Protect Your Portfolio When Inflation Is RisingLow PE Growth Stocks: Unlocking Investment Opportunities3 Tech Stocks Defying Sector Weakness and Thriving in 2025The How and Why of Investing in Gold StocksDespite Challenges Novo Nordisk Plans to Crush GLP-1 CompetitorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Metals Acquisition Right Now?Before you consider Metals Acquisition, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Metals Acquisition wasn't on the list.While Metals Acquisition currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here