At the time of writing, MAC Copper Ltd [MTAL] stock is trading at $10.00, down -1.86%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTAL shares have lost -1.48% over the last week, with a monthly amount drifted -8.76%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MAC Copper Ltd [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 MAC Copper Ltd fluctuated between $9.35 and $15.26. Currently, Wall Street analysts expect the stock to reach $15.5 within the next 12 months. MAC Copper Ltd [NYSE: MTAL] shares were valued at $10.00 at the most recent close of the market. An investor can expect a potential return of 55.0% based on the average MTAL price forecast.
Analyzing the MTAL fundamentals
Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.9%, and Net Profit Margin reading is -0.8%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.35 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
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 9.73 points at the first support level, and at 9.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.50, and for the 2nd resistance point, it is at 11.01.
Ratios To Look Out For
It is important to note that MAC Copper Ltd [NYSE:MTAL] has a current ratio of 0.84. Further, the Quick Ratio stands at 0.69, while the Cash Ratio is 0.62.
