At the time of writing, Metals Acquisition Limited [MTAL] stock is trading at $12.58, up 4.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTAL shares have gain 12.12% over the last week, with a monthly amount glided 8.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Metals Acquisition Limited [NYSE: MTAL] stock has seen the most recent analyst activity on May 21, 2024, when BMO Capital Markets downgraded its rating to a Market Perform and also revised its price target to $12 from $13. Previously, Scotiabank started tracking the stock with Sector Outperform rating on March 04, 2024, and set its price target to $14.50. On December 14, 2023, National Bank Financial initiated with a Outperform rating and assigned a price target of $14 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $14 on August 17, 2023. Canaccord Genuity initiated its recommendation with a Buy and recommended $13 as its price target on July 25, 2023.
For the past year, the stock price of Metals Acquisition Limited fluctuated between $9.50 and $15.26. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. Metals Acquisition Limited [NYSE: MTAL] shares were valued at $12.58 at the most recent close of the market. An investor can expect a potential return of 23.21% based on the average MTAL price forecast.
Analyzing the MTAL fundamentals
Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -1.0%, and Net Profit Margin reading is -0.91%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.44 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.98.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.15 points at the first support level, and at 11.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.83, and for the 2nd resistance point, it is at 13.08.
Ratios To Look Out For
It is important to note that Metals Acquisition Limited [NYSE:MTAL] has a current ratio of 0.84. As well, the Quick Ratio is 0.69, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 50.14, the price to book ratio is 2.13.
