While MAC Copper Ltd has underperformed by -1.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MTAL fell by -16.70%, with highs and lows ranging from $15.26 to $9.35, whereas the simple moving average fell by -17.36% in the last 200 days.
On May 21, 2024, BMO Capital Markets Downgraded MAC Copper Ltd (NYSE: MTAL) to Market Perform. A report published by Scotiabank on March 04, 2024, Initiated its previous ‘Sector Outperform’ rating for MTAL. National Bank Financial also rated MTAL shares as ‘Outperform’, setting a target price of $14 on the company’s shares in an initiating report dated December 14, 2023. BMO Capital Markets Initiated an Outperform rating on August 17, 2023, and assigned a price target of $14. Canaccord Genuity initiated its ‘Buy’ rating for MTAL, as published in its report on July 25, 2023.
Analysis of MAC Copper Ltd (MTAL)
To gain a thorough understanding of MAC Copper Ltd’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MTAL is recording an average volume of 247.38K. On a monthly basis, the volatility of the stock is set at 4.19%, whereas on a weekly basis, it is put at 6.11%, with a loss of -1.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.16, showing growth from the present price of $10.00, which can serve as yet another indication of whether MTAL is worth investing in or should be passed over.
How Do You Analyze MAC Copper Ltd Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 35.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 35.02% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MTAL shares are owned by institutional investors to the tune of 35.02% at present.
