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Metals Acquisition Limited (NYSE: MTAL) closed the day trading at $12.64 down -4.60% from the previous closing price of $13.25. In other words, the price has decreased by -$4.60 from its previous closing price. On the day, 0.78 million shares were traded. MTAL stock price reached its highest trading level at $12.95 during the session, while it also had its lowest trading level at $11.855.
Ratios:
For a better understanding of MTAL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on May 21, 2024, Downgraded its rating to Market Perform and sets its target price to $12 from $13 previously.
On March 04, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $14.50.
On December 14, 2023, National Bank Financial started tracking the stock assigning a Outperform rating and target price of $14.National Bank Financial initiated its Outperform rating on December 14, 2023, with a $14 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTAL now has a Market Capitalization of 936276352 and an Enterprise Value of 1165911808. Its current Enterprise Value per Revenue stands at 3.614 whereas that against EBITDA is 9.907.
Stock Price History:
Over the past 52 weeks, MTAL has reached a high of $15.26, while it has fallen to a 52-week low of $9.50. The 50-Day Moving Average of the stock is 5.83%, while the 200-Day Moving Average is calculated to be -0.42%.
Shares Statistics:
Over the past 3-months, MTAL traded about 249.18K shares per day on average, while over the past 10 days, MTAL traded about 379280 shares per day. A total of 50.24M shares are outstanding, with a floating share count of 50.11M. Insiders hold about 32.34% of the company’s shares, while institutions hold 29.07% stake in the company. Shares short for MTAL as of 1726185600 were 1649649 with a Short Ratio of 6.62, compared to 1723680000 on 1817855. Therefore, it implies a Short% of Shares Outstanding of 1649649 and a Short% of Float of 2.6600001.
