The stock price of Metals Acquisition Limited (NYSE: MTAL) has jumped by 3.36 compared to previous close of 13.41. Despite this, the company has seen a gain of 15.21% in its stock price over the last five trading days. businesswire.com reported 2024-09-24 that ST. HELIER, Jersey–(BUSINESS WIRE)–Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC) Annual General Meeting Date Metals Acquisition Limited ARBN 671 963 198 (NYSE: MTAL; ASX: MAC) (“MAC” or the “Company”) advises for the purpose of ASX Listing Rule 3.13.1 that the: 2024 Annual General Meeting of the Company (“Meeting”) will be held on Thursday, 21 November 2024 (New York time / Jersey time) / Friday, 22 November 2024 (Sydney time). closing date for receipt of written notice t.
Is It Worth Investing in Metals Acquisition Limited (NYSE: MTAL) Right Now?
The stock has a 36-month beta value of -0.00. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MTAL is 50.11M, and at present, short sellers hold a 3.29% of that float. On September 26, 2024, the average trading volume of MTAL was 363.03K shares.
MTAL’s Market Performance
MTAL stock saw an increase of 15.21% in the past week, with a monthly gain of 12.68% and a quarterly increase of 10.17%. The volatility ratio for the week is 3.70%, and the volatility levels for the last 30 days are 4.12% for Metals Acquisition Limited (MTAL). The simple moving average for the last 20 days is 22.08% for MTAL’s stock, with a simple moving average of 10.71% for the last 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 17.54% 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 -9.17% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares surge +20.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.80% upper at present.
During the last 5 trading sessions, MTAL rose by +15.05%, which changed the moving average for the period of 200-days by +38.40% in comparison to the 20-day moving average, which settled at $11.47. In addition, Metals Acquisition Limited saw 12.14% in overturn over a single year, with a tendency to cut further gains.
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 8.63. 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
To sum up, Metals Acquisition Limited (MTAL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
