
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Metals Acquisition Limited (MTAL)


- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)

(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/10/2025: MTAL (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $12.25
1 Year Target Price $12.25
0 | Strong Buy |
2 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
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 Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() | ![]() |
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 |
Upturn AI SWOT
Metals Acquisition Limited

Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 - | Website https://www.maccopperlimited.com |
Full time employees - | Website https://www.maccopperlimited.com |
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.