Shares of MAC Copper Limited (NYSE:MTAL – Get Free Report) were down 0.1% during trading on Thursday. The company traded as low as $10.12 and last traded at $10.13. 91,366 shares were traded during mid-day trading, an increase of 18% from the average daily volume of 77,697 shares. The stock had previously closed at $10.14.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of MAC Copper from a “sell (d-)” rating to a “sell (e)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.
Read Our Latest Report on MAC Copper
MAC Copper Price Performance
The firm has a 50 day simple moving average of $10.18 and a 200-day simple moving average of $10.32.
About MAC Copper
MAC Copper Limited is a copper mining company focused on the operation and development of the CSA Copper Mine in New South Wales, Australia. The company’s shares trade on the New York Stock Exchange under the symbol MTAL.
The CSA operation is an underground copper mine located near Cobar in central-western New South Wales. Its primary product is copper concentrate, which is produced through mining and processing activities and sold to customers in international markets.
MAC Copper became the owner of the CSA Copper Mine after completing a business combination with Metals Acquisition Corp.
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