MTAL Similar Chart Price Prediction
The price of MTAL is predicted to go up 2.9%, based on the high correlation periods with HMN. The similarity of these two price pattern on the periods is 92.08%.
MTAL
HMN
Up: 2.9%Similarity: 92.08%
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MTAL Analyst's Forecast
Eric Winmill
Scotiabank
Buy
2025-01-06
Price Target
$16 → $15
Upside
+42.58%
Scotiabank lowered the firm's price target on Metals Acquisition to $14.50 from $16 and keeps an Outperform rating on the shares. The majority of miners are expected to release their upcoming 2025 operating guidance over the next few weeks ahead of Q4 financial reporting, the analyst tells investors. The firm expects that despite near-term commodity price risk due to economic uncertainty in China and ex-China markets, 2025 should be a relatively solid year for most miners driven by higher output and improved cash costs.
