Wolverine Asset Management LLC Purchases New Holdings in MAC Copper Limited $MTAL

Wolverine Asset Management LLC purchased a new stake in shares of MAC Copper Limited (NYSE:MTAL) in the second quarter, Holdings Channel reports. The firm purchased 4,300 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of MAC Copper during the first quarter valued at approximately $249,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of MAC Copper during the first quarter valued at approximately $287,000. Credit Industriel ET Commercial purchased a new stake in shares of MAC Copper during the second quarter valued at approximately $2,333,000. Fourth Sail Capital LP increased its position in shares of MAC Copper by 1.0% during the first quarter. Fourth Sail Capital LP now owns 5,185,005 shares of the company’s stock valued at $49,465,000 after acquiring an additional 49,862 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of MAC Copper during the first quarter valued at approximately $791,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

MAC Copper Price Performance

MAC Copper stock opened at $12.21 on Tuesday. MAC Copper Limited has a one year low of $7.69 and a one year high of $13.88. The business has a fifty day moving average price of $12.20 and a 200-day moving average price of $11.64. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Canaccord Genuity Group downgraded MAC Copper from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 11th. Zacks Research raised MAC Copper from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of MAC Copper in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MAC Copper presently has an average rating of “Hold” and a consensus target price of $12.63.

MAC Copper Profile

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.