--- title: "Metals Acquisition (NYSE:MTAL) Hits New 52-Week Low - Here's What Happened" description: "Metals Acquisition (NYSE:MTAL) reached a new 52-week low of $9.45 during trading, closing at $9.54 with a volume of 113,013 shares. Scotiabank lowered its price target from $16.00 to $14.50 while main" type: "news" locale: "en" url: "https://longbridge.com/en/news/231423359.md" published_at: "2025-03-11T19:05:03.000Z" --- # Metals Acquisition (NYSE:MTAL) Hits New 52-Week Low - Here's What Happened > Metals Acquisition (NYSE:MTAL) reached a new 52-week low of $9.45 during trading, closing at $9.54 with a volume of 113,013 shares. Scotiabank lowered its price target from $16.00 to $14.50 while maintaining a "sector outperform" rating. Institutional investors have increased their stakes significantly, with 87.47% of shares owned by hedge funds. The company focuses on mining copper and silver, operating the CSA copper mine in Australia. 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 Downgrades Separately, 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 MTAL** ## Metals Acquisition Stock Performance The 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 Acquisition A 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 More - Five stocks we like better than Metals Acquisition - How to Evaluate a Stock Before Buying - How to Protect Your Portfolio When Inflation Is Rising - Low PE Growth Stocks: Unlocking Investment Opportunities - 3 Tech Stocks Defying Sector Weakness and Thriving in 2025 - The How and Why of Investing in Gold Stocks - Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors *This 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 ### Related Stocks - [MTAL.US - MAC Copper](https://longbridge.com/en/quote/MTAL.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Algo Grande Copper Announces $5 Million Non-Brokered Private Placement; Shares up 10% | Algo Grande Copper (ALGR.V) has announced a non-brokered private placement of up to 7.69 million common shares at $0.65 | [Link](https://longbridge.com/en/news/275654334.md) | | Hindustan Copper - HCL And SEPC Dispute Resolved | Hindustan Copper Ltd :HINDUSTAN COPPER - HCL AND SEPC DISPUTE RESOLVED | [Link](https://longbridge.com/en/news/274998329.md) | | UK-based Phoenix Copper suspends top brass amid payment inquiry | UK-based Phoenix Copper Limited has suspended its executive chairman and CFO amid an investigation into their conduct an | [Link](https://longbridge.com/en/news/275291539.md) | | MAC Copper Ltd announces scheme with Harmony Gold becomes effective | MAC Copper Limited has confirmed that its acquisition by Harmony Gold (Australia) Pty Ltd is now legally effective. Trad | [Link](https://longbridge.com/en/news/260602163.md) | | MAC Copper Ltd. Announces Closing Timetable for Acquisition by Harmony Gold, Trading Suspension Dates Set | MAC Copper Limited has announced the closing timetable for its acquisition by Harmony Gold. A Court Sanction Hearing is | [Link](https://longbridge.com/en/news/260037482.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.