Fourth Sail Capital LP Has $54.54 Million Stock Holdings in Metals Acquisition Limited (NYSE:MTAL)

Fourth Sail Capital LP decreased its position in shares of Metals Acquisition Limited (NYSE:MTAL) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,135,143 shares of the company’s stock after selling 262,467 shares during the period. Metals Acquisition accounts for about 16.2% of Fourth Sail Capital LP’s investment portfolio, making the stock its largest position. Fourth Sail Capital LP owned about 6.93% of Metals Acquisition worth $54,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning bought a new stake in Metals Acquisition during the third quarter valued at about $190,000. CWA Asset Management Group LLC purchased a new stake in shares of Metals Acquisition during the third quarter worth about $278,000. Regal Partners Ltd lifted its holdings in Metals Acquisition by 1.7% in the 3rd quarter. Regal Partners Ltd now owns 406,327 shares of the company’s stock worth $5,628,000 after purchasing an additional 6,651 shares in the last quarter. Bank of Montreal Can bought a new position in Metals Acquisition in the 3rd quarter worth approximately $6,049,000. Finally, Quantbot Technologies LP purchased a new stake in Metals Acquisition during the 3rd quarter valued at approximately $46,000. Institutional investors own 87.47% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank reduced their price objective on shares of Metals Acquisition from $16.00 to $14.50 and set a “sector outperform” rating on the stock in a research report on Monday, January 6th.

Metals Acquisition Stock Performance

MTAL opened at $10.04 on Monday. The firm has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $11.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.84 and a quick ratio of 0.69. Metals Acquisition Limited has a 52 week low of $9.89 and a 52 week high of $15.26.

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.