Additionally, the 36-month beta value for MTAL is 0.01. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for MTAL is 50.08M and currently, short sellers hold a 3.55% ratio of that float. The average trading volume of MTAL on September 13, 2024 was 337.55K shares.
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MTAL) stock’s latest price update
Metals Acquisition Limited (NYSE: MTAL) has experienced a rise in its stock price by 6.28 compared to its previous closing price of 10.35. However, the company has seen a gain of 9.56% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-29 that Metals Acquisitions Limited (NYSE:MTAL ) Half Year 2024 Earnings Conference Call August 28, 2024 7:00 PM ET Company Participants Mick McMullen – CEO Morné Engelbrecht – CFO Conference Call Participants Daniel Morgan – Barrenjoey Eric Linnell – Scotiabank Paul Hissey – Moelis David Radcliff – Global Mining Research Operator Thank you for standing by. This is the conference operator.
MTAL’s Market Performance
Metals Acquisition Limited (MTAL) has seen a 9.56% rise in stock performance for the week, with a -5.42% decline in the past month and a -22.86% plunge in the past quarter. The volatility ratio for the week is 4.68%, and the volatility levels for the past 30 days are at 3.92% for MTAL. The simple moving average for the past 20 days is -2.28% for MTAL’s stock, with a -11.44% simple moving average for the past 200 days.
Analysts’ Opinion of MTAL
Many brokerage firms have already submitted their reports for MTAL stocks, with BMO Capital Markets repeating the rating for MTAL by listing it as a “Market Perform.” The predicted price for MTAL in the upcoming period, according to BMO Capital Markets is $12 based on the research report published on May 21, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see MTAL reach a price target of $14.50. The rating they have provided for MTAL stocks is “Sector Outperform” according to the report published on March 04th, 2024.
National Bank Financial gave a rating of “Outperform” to MTAL, setting the target price at $14 in the report published on December 14th of the previous year.
MTAL Trading at -10.29% from the 50-Day Moving Average
After a stumble in the market that brought MTAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.92% of loss for the given period.
Volatility was left at 3.92%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares sank -3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.75% lower at present.
During the last 5 trading sessions, MTAL rose by +9.56%, which changed the moving average for the period of 200-days by +6.14% in comparison to the 20-day moving average, which settled at $11.23. In addition, Metals Acquisition Limited saw -11.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MTAL
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.1 for the gross margin
The net margin for Metals Acquisition Limited stands at -0.91. The total capital return value is set at -0.03. Equity return is now at value -11.53, with -4.34 for asset returns.
Based on Metals Acquisition Limited (MTAL), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is -3.18.
Currently, EBITDA for the company is -28.23 million with net debt to EBITDA at 17.98. When we switch over and look at the enterprise to sales, we see a ratio of 7.25. The receivables turnover for the company is 18.69for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, Metals Acquisition Limited (MTAL) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
