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MTAL logo MTAL
Upturn stock rating
MTAL logo

Metals Acquisition Limited (MTAL)

Upturn stock rating
$12.21
Last Close (24-hour delay)
Profit since last BUY22.34%
upturn advisory
Consider higher Upturn Star rating
BUY since 100 days
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/10/2025: MTAL (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $12.25

1 Year Target Price $12.25

Analysts Price Target For last 52 week
$12.25 Target price
52w Low $7.69
Current$12.21
52w High $13.88

Analysis of Past Performance

Type Stock
Historic Profit 16.4%
Avg. Invested days 68
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/10/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.01B USD
Price to earnings Ratio -
1Y Target Price 12.25
Price to earnings Ratio -
1Y Target Price 12.25
Volume (30-day avg) 3
Beta 0.34
52 Weeks Range 7.69 - 13.88
Updated Date 10/15/2025
52 Weeks Range 7.69 - 13.88
Updated Date 10/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.51

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-10-22
When After Market
Estimate 0.277
Actual -

Profitability

Profit Margin -17.47%
Operating Margin (TTM) 19.75%

Management Effectiveness

Return on Assets (TTM) 2.78%
Return on Equity (TTM) -12.26%

Valuation

Trailing PE -
Forward PE 40.16
Enterprise Value 1274346469
Price to Sales(TTM) 3.13
Enterprise Value 1274346469
Price to Sales(TTM) 3.13
Enterprise Value to Revenue 3.96
Enterprise Value to EBITDA 15.75
Shares Outstanding 82538809
Shares Floating 65883993
Shares Outstanding 82538809
Shares Floating 65883993
Percent Insiders 19.4
Percent Institutions 35.58

ai summary icon Upturn AI SWOT

Metals Acquisition Limited

stock logo

Company Overview

overview logo History and Background

Metals Acquisition Limited (MTAL) is a blank check company, also known as a special purpose acquisition company (SPAC), formed to acquire one or more businesses. It was initially focused on the metals and mining sector.

business area logo Core Business Areas

  • Metals and Mining Acquisition: MTAL's core business is identifying, acquiring, and operating businesses in the metals and mining industry. Their initial focus was on copper.

leadership logo Leadership and Structure

The company is led by a management team experienced in the metals and mining industry. Its organizational structure is typical of SPACs, with a board of directors and an executive team focused on deal execution.

Top Products and Market Share

overview logo Key Offerings

  • Copper Assets (Following CSA Mine Acquisition): MTAL acquired the CSA Mine, a high-grade copper mine in Australia. While not a product *per se*, the mine's copper production represents MTAL's primary offering. Market share data specifically for MTAL's copper production is difficult to isolate, but competitors in the global copper market include BHP (BHP), Freeport-McMoRan (FCX), and Glencore (GLEN.L).

Market Dynamics

industry overview logo Industry Overview

The metals and mining industry is cyclical, influenced by global economic growth, demand for commodities, and geopolitical factors. Copper is particularly important due to its use in infrastructure, electronics, and renewable energy.

Positioning

MTAL, through the CSA Mine, is positioned as a producer of high-grade copper. Its competitive advantage depends on operational efficiency and cost management.

Total Addressable Market (TAM)

The global copper market is estimated to be worth hundreds of billions of dollars annually. MTAL's position is that of a smaller player seeking to grow through strategic acquisitions and efficient operations. The fragmented nature of the copper market allows for smaller players to exist.

Upturn SWOT Analysis

Strengths

  • High-grade copper asset (CSA Mine)
  • Experienced management team
  • Potential for operational improvements at CSA Mine

Weaknesses

  • High debt burden from CSA Mine acquisition
  • Single asset concentration (CSA Mine)
  • Exposure to copper price volatility
  • Relatively new company with limited operating history as an operator (vs funder)

Opportunities

  • Further exploration and expansion of CSA Mine resources
  • Potential for strategic acquisitions
  • Growing demand for copper driven by renewable energy and electrification
  • Debt restructuring and better management

Threats

  • Fluctuations in copper prices
  • Geopolitical risks
  • Operational challenges at CSA Mine
  • Environmental regulations
  • Shareholder suits

Competitors and Market Share

competitor logo Key Competitors

  • BHP
  • FCX
  • SCCO

Competitive Landscape

MTAL is a small player compared to major copper producers. Its advantage lies in the high-grade nature of its asset.

Major Acquisitions

CSA Mine

  • Year: 2023
  • Acquisition Price (USD millions): 1100
  • Strategic Rationale: To acquire a producing copper asset with significant exploration upside.

Growth Trajectory and Initiatives

Historical Growth: Growth is tied to the acquisition of the CSA Mine. Limited history before that.

Future Projections: Future growth hinges on the performance of the CSA Mine and potential further acquisitions. Analyst estimates vary widely.

Recent Initiatives: Focus on optimizing operations at the CSA Mine and managing debt levels.

Summary

Metals Acquisition Limited, now with the CSA Mine, has entered the copper production market. However, its high debt levels and reliance on a single asset make it a risky investment. The company's success hinges on efficient mine operations and favorable copper prices. Monitoring copper price fluctuations, and successful debt restructuring will be keys to MTAL's future. The success or failure of MTAL depends largely on its ability to manage the high amount of debt taken on to acquire the copper mine.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings, press releases, market reports, analyst reports.

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market share data are estimates.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Metals Acquisition Limited

Exchange NYSE
Headquaters -
IPO Launch date 2021-09-20
CEO & Director Mr. Michael James W. McMullen B.Sc., M.A.
Sector Basic Materials
Industry Copper
Full time employees -
Full time employees -

MAC Copper Limited focuses on operating and acquiring metals and mining businesses in Australia. It operates the Cornish, Scottish and Australian underground copper mine in Cobar, Australia. The company was formerly known as Metals Acquisition Limited and changed its name to MAC Copper Limited in December 2024. MAC Copper Limited was incorporated in 2022 and is headquartered in Saint Helier, Jersey.