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

10.23

Mkt cap

771M

Volume

532K

High

10.60

P/E Ratio

-10.62

52-wk high

15.26

Low

10.19

Div yield

N/A

52-wk low

9.35

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

BMO Capital has downgraded Metals Acquisition (NYSE:MTAL) from Outperform to Market Perform and lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:23 am

Alpha Metallurgical reported Q1 net income of $127M and sales of $864M, with a share repurchase program of $1.5B. Metals Acquisition announced the redemption of all outstanding warrants for 10 cents each to simplify its capital structure. Latin Metals updated on its Organullo Project, with AngloGold identifying a high-priority drill corridor. Idaho Strategic Resources reported a 76.5% increase in revenue and a significant rise in gold production, alongside cost savings from new contracts and property purchases.

Portfolio Pulse from austin@walkonholdings.com

May 06, 2024 | 8:38 pm

Cleveland-Cliffs and Freeport-McMoRan reported strong Q1 2024 results, with Cleveland-Cliffs announcing a new $1.5 billion share buyback program and Freeport-McMoRan exceeding copper sales estimates. Worthington Steel was named GM Supplier of the Year for the third time, and Metals Acquisition Ltd announced significant growth in resources and mine life for the CSA Copper Mine.

Portfolio Pulse from austin@walkonholdings.com

April 23, 2024 | 10:03 pm

Metals Acquisition Limited (NYSE:MTAL) announced significant updates to its Resource and Reserve Statement and 3-year production guidance for the CSA Copper Mine, showing substantial increases in mine life and contained copper. The updates include a 67% increase in mine life to 11 years, a 64% increase in contained copper to 0.5Mt, and an 83% increase in Measured and Indicated Resources. The company also provided production guidance for 2024-2026, indicating a steady increase in copper production. These improvements come after only ten months of ownership and are based on data from two and a half months post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 9:05 pm

Nexa Resources suspends operations at Morro Agudo, impacting zinc and lead production. Metals Acquisition reports high copper grades at CSA Copper Mine, aiming for resource expansion. Golden Minerals announces 2023 financial results, with decreased revenue and a net loss, alongside mining operation updates. ArcelorMittal appoints Kleber Silva as EVP and CEO of its mining division, leveraging his extensive industry experience.

Portfolio Pulse from Austin DeNoce

March 19, 2024 | 9:08 pm

Scotiabank analyst Eric Winmill initiates coverage on Metals Acquisition Corp (NYSE:MTAL) with a Sector Outperform rating and a price target of $14.5.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:39 pm

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