tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MAC Copper Limited’s Acquisition by Harmony Gold Sanctioned by Court

Story Highlights
MAC Copper Limited’s Acquisition by Harmony Gold Sanctioned by Court

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

MAC Copper ( (MTAL) ) has shared an announcement.

On October 9, 2025, MAC Copper Limited announced that the Royal Court of Jersey has sanctioned the acquisition of 100% of its issued share capital by Harmony Gold (Australia) Pty Ltd, a subsidiary of Harmony Gold Mining Company Limited. The acquisition will be executed through a Jersey law scheme of arrangement, with MAC’s shares and CDIs set to be suspended from trading on the NYSE and ASX respectively, starting October 10, 2025. This acquisition marks a significant shift in MAC Copper’s operations, potentially enhancing its market positioning within the metals and mining industry, particularly in sectors vital to global electrification and decarbonization efforts.

The most recent analyst rating on (MTAL) stock is a Hold with a $12.25 price target. To see the full list of analyst forecasts on MAC Copper stock, see the MTAL Stock Forecast page.

Spark’s Take on MTAL Stock

According to Spark, TipRanks’ AI Analyst, MTAL is a Outperform.

MAC Copper’s overall stock score reflects strong operational improvements and positive earnings call highlights, including increased production and cash flow. However, challenges with profitability and valuation concerns due to a negative P/E ratio weigh on the score.

To see Spark’s full report on MTAL stock, click here.

More about MAC Copper

MAC Copper Limited (NYSE:MTAL; ASX:MAC) is a company focused on operating and acquiring metals and mining businesses in high quality, stable jurisdictions that are critical in the electrification and decarbonization of the global economy.

Average Trading Volume: 967,555

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.01B

For a thorough assessment of MTAL stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1