FY2024 Earnings Estimate for Metals Acquisition Limited Issued By National Bank Financial (NYSE:MTAL)

Metals Acquisition Limited (NYSE:MTAL) – National Bank Financial upped their FY2024 earnings per share estimates for shares of Metals Acquisition in a research note issued to investors on Thursday, April 4th. National Bank Financial analyst S. Nagle now expects that the company will earn $1.24 per share for the year, up from their prior estimate of $1.14. National Bank Financial has a “Outperform Spec Market Weight” rating on the stock. The consensus estimate for Metals Acquisition’s current full-year earnings is ($0.27) per share.

Separately, Scotiabank began coverage on shares of Metals Acquisition in a research note on Monday, March 4th. They issued a “sector outperform” rating and a $14.50 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Metals Acquisition has a consensus rating of “Buy” and an average target price of $13.92.

Metals Acquisition Price Performance

Metals Acquisition stock opened at $13.50 on Monday. The business has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $11.59. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 0.31. Metals Acquisition has a 12 month low of $8.49 and a 12 month high of $14.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Metals Acquisition during the 1st quarter valued at approximately $108,000. Kepos Capital LP acquired a new stake in Metals Acquisition in the 3rd quarter valued at about $210,000. Sea Otter Advisors LLC acquired a new stake in Metals Acquisition in the fourth quarter valued at approximately $219,000. Cubist Systematic Strategies LLC acquired a new position in shares of Metals Acquisition during the third quarter worth $386,000. Finally, Deutsche Bank AG boosted its position in shares of Metals Acquisition by 130.7% during the 4th quarter. Deutsche Bank AG now owns 100,487 shares of the company’s stock worth $1,005,000 after acquiring an additional 56,931 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Metals Acquisition

Metals Acquisition Limited focuses on operating and acquiring metals and mining businesses. The company operates the CSA copper mine in Cobar, Australia. Metals Acquisition Limited is headquartered in Saint Helier, Jersey.