Streetbeat News

MTAL

Metals Acquisition Corp

https://www.metalsacquisition.com

Industry

Shell Companies

Metals Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on metals and mining businesses. Metals Acquisition Corp was incorporated in 2021 and is based in Fort Worth, Texas.

Open

13.01

Mkt cap

996M

Volume

321K

High

13.88

P/E Ratio

-4.13

52-wk high

15.26

Low

13.01

Div yield

N/A

52-wk low

9.50

Metals Acquisition has successfully raised A$150 million through an oversubscribed placement of new Chess Depositary Interests (CDIs) at A$18.00 each.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:32 am

Metals Acquisition Limited (MAC) has announced an institutional placement to raise approximately A$140 million by issuing 7.8 million new Chess Depositary Interests at A$18 each. The funds will help optimize MAC's balance sheet and support strategic growth following its acquisition of CSA from Glencore.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 6:29 am

Metals Acquisition is planning to seek shareholder approval to change its company name to 'MAC Copper Limited'. This move may reflect a strategic shift or rebranding effort.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 10:32 am

Metals Acquisition will be added to the S&P Dow Jones Indices ASX 300 Index effective Monday, September 23, before the open of trading on the Australian Securities Exchange.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:32 am

Scotiabank analyst Eric Winmill maintains a Sector Outperform rating on Metals Acquisition (NYSE:MTAL) but lowers the price target from $17 to $16.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 3:13 pm

BMO Capital analyst Jackie Przybylowski maintains a Market Perform rating on Metals Acquisition (NYSE:MTAL) and raises the price target from $13 to $15.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:31 pm

Scotiabank analyst Eric Winmill maintains a Sector Outperform rating on Metals Acquisition (NYSE:MTAL) and raises the price target from $15.5 to $17.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:40 pm

Gold Royalty acquires a copper stream for $50 million, BHP and Rio Tinto test electric trucks, Metals Acquisition invests in Polymetals, and 5E Advanced Materials issues convertible notes.

Portfolio Pulse from austin@walkonholdings.com

May 28, 2024 | 8:44 pm

Metals Acquisition Corp (MAC) is investing A$5 million in Polymetals Resources (POL) to secure an initial stake and future collaborations. The deal includes an initial A$2.5 million investment for a 4.31% interest in POL and an additional A$2.5 million subject to certain conditions. These conditions include funding for the Endeavor mine, tolling and water offtake agreements, and necessary third-party consents. MAC will also have the right to appoint a director to POL's board if it holds more than 7% of POL's shares.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 8:18 am

Today's top mining stories include U.S. Steel addressing misinformation about its deal with Nippon Steel, Paramount Gold Nevada's joint reclamation bond for its Grassy Mountain gold mine, Metals Acquisition's warrant redemption, and Alcoa's amended acquisition agreement with Alumina Limited.

Portfolio Pulse from austin@walkonholdings.com

May 21, 2024 | 9:16 pm

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