MAC Copper Ltd [MTAL] stock is trading at $8.76, down -0.23%. 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 gain 10.75% over the last week, with a monthly amount drifted -19.71%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, BMO Capital Markets downgraded its rating to Market Perform on May 21, 2024, and dropped its price target to $12. On March 04, 2024, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $14.50 on the stock. National Bank Financial started tracking the stock assigning a Outperform rating and suggested a price target of $14 on December 14, 2023. BMO Capital Markets initiated its recommendation with a Outperform and recommended $14 as its price target on August 17, 2023. Canaccord Genuity started tracking with a Buy rating for this stock on July 25, 2023, and assigned it a price target of $13.
MAC Copper Ltd [MTAL] stock has fluctuated between $7.69 and $15.26 over the past year. 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 $8.76 at the most recent close of the market. An investor can expect a potential return of 76.94% based on the average MTAL price forecast.
Analyzing the MTAL fundamentals
Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.14 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
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 8.57 points at the first support level, and at 8.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.94, and for the 2nd resistance point, it is at 9.12.
Ratios To Look Out For
For context, MAC Copper Ltd’s Current Ratio is 1.12. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.92. Considering the valuation of this stock, the price to sales ratio is 2.12, the price to book ratio is 1.30.
