Tearsheet

MAC Copper (MTAL)

Market Price (10/31/2025): $12.215 | Market Cap: $591.3 Mil
Sector: Materials | Industry: Diversified Metals & Mining

MAC Copper (MTAL)

Market Price (10/31/2025): $12.215
Market Cap: $591.3 Mil
Sector: Materials
Industry: Diversified Metals & Mining

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0			Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -19 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102%
1			Expensive valuation multiples P/SPrice/Sales ratio is 32x
2			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -29%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14%

0	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -19 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -102%
1	Expensive valuation multiples P/SPrice/Sales ratio is 32x
2	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -29%
3	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022
Share Price CYE	$12.21	$10.62	$12.36	$9.70
Market Cap CYE ($ Mil)	591.3	514.1	598.3	321.5
Total Debt ($ Mil)	0.0	413.4	464.7	0.8
Total Cash ($ Mil)	0.0	171.9	32.4	0.0
Enterprise Value ($ Mil)	0.0	927.5	1,063.0	322.3
Valuation Ratios
P/S TTM	31.8	2.2	2.3	0.0
P/EBIT TTM	-23.4	-39.3	-3.1	-13.6
P/E TTM	-10.7	-9.3	-2.6	-2.6
Sector Ratios
P/S TTM (Sector)	1.6	1.2	1.3	1.1
P/EBIT TTM (Sector)	6.6	6.3	6.6	4.8
P/E TTM (Sector)	4.6	5.5	7.5	4.6

	10/31/25	2024	2023
Share Price CYE	$12.21	$10.62	$12.36
Market Cap CYE ($ Mil)	591.3	514.1	598.3
Total Debt ($ Mil)	0.0	413.4	464.7
Total Cash ($ Mil)	0.0	171.9	32.4
Enterprise Value ($ Mil)	0.0	927.5	1,063.0
Valuation Ratios
P/S TTM	31.8	2.2	2.3
P/EBIT TTM	-23.4	-39.3	-3.1
P/E TTM	-10.7	-9.3	-2.6
Sector Ratios
P/S TTM (Sector)	1.6	1.2	1.3
P/EBIT TTM (Sector)	6.6	6.3	6.6
P/E TTM (Sector)	4.6	5.5	7.5

	MTAL	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	0.0
Rev Chg Q	�	6.4%
Rev Chg LTM	�	5.4%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.1
Op Mgn LTM	-101.9%	18.7%
CFO/Rev LTM	-29.3%	20.4%
Net Inc Mgn	-297.7%	12.8%
VALUATION	VERY HIGH
P/S	31.8	3.2
P/CFO	-108.6	15.5
P/FCF	-108.6	20.6
P/E	-10.7	23.6
STABILITY	VERY GOOD
Debt/Equity	0.00	0.21

MTAL Stock

Return (1M):

Factor Drivers of Stock Movement

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Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MTAL Return	-	-	0%	27%	-14%	15%	26%
Peers Return	34%	3%	14%	-7%	-11%	50%	96%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
MTAL Win Rate	-	0%	0%	42%	50%	33%
Peers Win Rate	33%	27%	32%	32%	28%	76%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
MTAL Max Drawdown	-	-	0%	-3%	-19%	-26%
Peers Max Drawdown	-32%	-10%	-9%	-15%	-17%	-21%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: VALE, WRN, XPL, ALM, CRML.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique Key	Event	MTAL	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-22.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	29.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	58 days	464 days

Compare to VALE, WRN, XPL, ALM, CRML

In The Past

MAC Copper's stock fell -22.8% during the 2022 Inflation Shock from a high on 8/2/2023. A -22.8% loss requires a 29.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MAC Copper (MTAL)

Business Description

Metals Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on metals and mining businesses. Metals Acquisition Corp was incorporated in 2021 and is based in Grand Cayman, the Cayman Islands.

Better Bets than MAC Copper (MTAL)

	MTAL	Better Performance than MTAL
Metric	Value	Industry (Diversified Metals & Mining)
Op Mgn LTM	-101.9%	VALE (27.3%), TECK (11.9%), MP (-65.0%), MTRN (8.2%), USAS (-39.0%)
CFO/Rev LTM	-29.3%	VALE (22.1%), TECK (14.4%), MP (-17.9%), MTRN (8.5%), USAS (-7.4%)
FCF/Rev LTM	-29.3%	VALE (5.3%), TECK (-3.1%), MTRN (4.6%), GSM (0.6%), NEXA (0.4%)
Total Yield	-9.4%	VALE (10.3%), TECK (7.1%), MP (-1.0%), TMC (-5.0%), MTRN (0.9%)

	MTAL	Better Performance than MTAL
Metric	Value	Sector (Materials)
Op Mgn LTM	-101.9%	LIN (26.9%), SCCO (49.4%), NEM (43.5%), SHW (15.8%), AEM (49.4%)
CFO/Rev LTM	-29.3%	LIN (29.8%), SCCO (37.5%), NEM (42.9%), SHW (14.2%), AEM (55.2%)
FCF/Rev LTM	-29.3%	LIN (15.2%), SCCO (28.0%), NEM (28.5%), SHW (10.4%), AEM (34.5%)
Total Yield	-9.4%	LIN (4.7%), SCCO (4.6%), NEM (9.2%), SHW (3.9%), AEM (5.1%)

	MTAL	Better Performance than MTAL
Metric	Value	All Other Sectors
Op Mgn LTM	-101.9%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AMZN (11.4%)
CFO/Rev LTM	-29.3%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AMZN (18.1%)
FCF/Rev LTM	-29.3%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	-9.4%	NVDA (1.8%), AAPL (2.8%), MSFT (3.3%), GOOGL (3.9%), AMZN (3.0%)

		Best Bets In Materials Sector
	MTAL	RGLD	USLM	SCCO	CF	EXP	LIN	NEU	NEM	CBT	AXTA
What You Pay
P/E	-10.7	26.0	28.0	31.0	10.4	15.5	30.2	14.7	12.6	8.5	13.5
P/EBIT	-23.3	22.3	24.2	18.4	6.6	11.3	21.7	10.7	8.6	5.5	8.2
What You Get
Rev Chg Q	�	20.4%	19.6%	20.1%	20.2%	4.3%	2.8%	0.6%	20.0%	-9.2%	-2.4%
Rev Chg LTM	�	30.1%	22.0%	23.2%	9.5%	0.9%	1.3%	3.7%	26.6%	-3.6%	-1.8%
Rev Chg 3Y Avg	�	8.2%	19.1%	3.3%	-12.4%	5.6%	0.6%	4.7%	23.9%	-2.5%	2.7%
FCF/Rev 3Y Avg	�	10.2%	24.7%	23.7%	21.3%	17.5%	15.4%	14.0%	13.8%	8.9%	8.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 11%, alpha of 1.8%, and sharpe of 0.46

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	How Low Can MAC Copper Stock Really Go?	Return

	Title
0	ARTICLES
1	How Low Can MAC Copper Stock Really Go?

Trade Ideas

Select past ideas related to MTAL. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield	09302025	AXTA	Axalta Coating Systems	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.0%	3.0%	-7.8%
GPK_9302025_Dip_Buyer_ValueBuy	09302025	GPK	Graphic Packaging	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-16.8%	-16.8%	-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	FCX	Freeport-McMoRan	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	8.0%	8.0%	-0.9%
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.5%	14.5%	0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%	06302025	TGLS	Tecnoglass	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-23.1%	-23.1%	-23.3%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield	09302025	AXTA	Axalta Coating Systems	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.0%	3.0%	-7.8%
GPK_9302025_Dip_Buyer_ValueBuy	09302025	GPK	Graphic Packaging	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-16.8%	-16.8%	-16.8%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper	09302025	FCX	Freeport-McMoRan	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	8.0%	8.0%	-0.9%
KWR_7312025_Dip_Buyer_FCFYield	07312025	KWR	Quaker Houghton	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	14.5%	14.5%	0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%	06302025	TGLS	Tecnoglass	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	-23.1%	-23.1%	-23.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for MAC Copper

Financials

	MTAL	VALE	WRN	XPL	ALM	CRML	Median
Name	MAC Copp.	Vale	Western .	Solitari.	Almonty .	Critical.
Mkt Price	-	11.89	2.10	0.69	6.76	12.88	6.76
Mkt Cap	0.6	50.8	0.4	0.1	-	-	0.5
Rev LTM	19	36,600	0	0	28	-	19
Op Inc LTM	-19	9,986	-8	-6	-20	-	-8
FCF LTM	-5	1,957	-22	-5	-55	-	-5
FCF 3Y Avg	-	4,519	-23	-4	-42	-	-13
CFO LTM	-5	8,104	-5	-5	-20	-	-5
CFO 3Y Avg	-	10,455	-4	-4	-13	-	-4

Growth & Margins

	MTAL	VALE	WRN	XPL	ALM	CRML	Median
Name	MAC Copp.	Vale	Western .	Solitari.	Almonty .	Critical.
Rev Chg LTM	-	-13.0%	-	-	9.9%	-	-1.5%
Rev Chg 3Y Avg	-	-7.8%	-	-	4.6%	-	-1.6%
Rev Chg Q	-	-11.2%	-	-	-9.4%	-	-10.3%
QoQ Delta Rev Chg LTM	-	-3.0%	-	-	-2.6%	-	-2.8%
Op Mgn LTM	-101.9%	27.3%	-	-	-71.3%	-	-71.3%
Op Mgn 3Y Avg	-	32.4%	-	-	-42.8%	-	-5.2%
QoQ Delta Op Mgn LTM	-	-1.1%	-	-	-39.7%	-	-20.4%
CFO/Rev LTM	-29.3%	22.1%	-	-	-69.9%	-	-29.3%
CFO/Rev 3Y Avg	-	26.3%	-	-	-50.4%	-	-12.1%
FCF/Rev LTM	-29.3%	5.3%	-	-	-193.7%	-	-29.3%
FCF/Rev 3Y Avg	-	11.2%	-	-	-160.1%	-	-74.4%

Valuation

	MTAL	VALE	WRN	XPL	ALM	CRML	Median
Name	MAC Copp.	Vale	Western .	Solitari.	Almonty .	Critical.
Mkt Cap	0.6	50.8	0.4	0.1	-	-	0.5
P/S	31.8	1.4	-	-	-	-	16.6
P/EBIT	-23.3	6.8	-50.5	-9.9	-	-	-16.6
P/E	-10.7	9.7	-118.7	-10.9	-	-	-10.8
P/CFO	-108.6	6.3	-89.0	-11.8	-	-	-50.4
Total Yield	-9.4%	10.3%	-0.8%	-9.2%	-	-	-5.0%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	-	-	0.0%
FCF Yield 3Y Avg	-	8.9%	-9.7%	-7.8%	-	-	-7.8%
D/E	0.0	0.4	0.0	0.0	-	-	0.0
Net D/E	0.0	0.3	-0.1	-0.2	-	-	-0.1

Returns

	MTAL	VALE	WRN	XPL	ALM	CRML	Median
Name	MAC Copp.	Vale	Western .	Solitari.	Almonty .	Critical.
1M Rtn	-	9.5%	6.6%	-0.7%	12.1%	107.1%	9.5%
3M Rtn	-	29.0%	70.7%	0.4%	83.2%	241.6%	70.7%
6M Rtn	-	33.1%	90.9%	12.0%	-	731.0%	62.0%
12M Rtn	-	19.3%	94.4%	2.1%	-	99.1%	56.9%
3Y Rtn	-	17.5%	59.1%	28.3%	-	-	28.3%
1M Excs Rtn	-	6.6%	4.4%	-0.3%	11.0%	80.0%	6.6%
3M Excs Rtn	-	17.2%	65.6%	-8.2%	70.4%	228.7%	65.6%
6M Excs Rtn	-	11.3%	69.2%	-9.8%	-	709.2%	40.2%
12M Excs Rtn	-	-0.0%	65.5%	-16.5%	-	89.6%	32.7%
3Y Excs Rtn	-	-64.6%	-17.7%	-48.5%	-	-	-48.5%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022
Period End	6/30/2023	12/31/2024	12/31/2023	12/31/2022
Filing Date	N/A/N/A/N/A	3/28/2025	3/28/2024	3/24/2023
Key Financials
Total Revenue	0	341	159	0
EBITDA	-9	59	-72	-5
Operating Income	-2	77	-14	-2
Net Income	-24	-82	-145	-25
EPS	-0.21	-1.14	-4.83	-3.77
Growth Rates
Total Revenue Growth	-	114.3%	∞%	-
EBITDA Growth	-22.8%	181.7%	-1425.2%	-
Operating Income Growth	8.0%	660.0%	-462.6%	-
Net Income Growth	-589.6%	43.5%	-478.9%	-
Margins
EBITDA Margin	-	17.3%	-45.4%	-
Operating Income Margin	-	22.7%	-8.7%	-
Net Income Margin	-	-24.0%	-90.9%	-
Cash & Debt
Total Cash	0	172	32	0
Total Debt	1	413	465	1
Net Debt / (Cash)	1	242	432	1
Cash Flows
Net Cash from Operations	-3	117	-12	-3
Free Cash from Operations	-3	56	-37	-3
Returns to Shareholders
Dividends	0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0

null

Price Behavior

Price Behavior

Market Price	$12.21
Market Cap ($ Bil)	0.6
First Trading Date	09/20/2021
Distance from 52W High	-9.2%
	50 Days	200 Days
DMA Price	$12.16	$11.06
DMA Trend	indeterminate	indeterminate
Distance from DMA	0.4%	10.4%
	3M	1YR
Volatility	1.7%	44.3%
Downside Capture	-2.28	62.90
Upside Capture	8.64	53.66
Correlation (SPY)	8.6%	45.7%

MTAL Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.12	0.01	0.06	1.10	0.99	0.55
Up Beta	0.19	0.02	0.07	1.28	1.19	0.62
Down Beta	-0.08	-0.16	-0.07	1.28	1.37	0.98
Up Capture	15%	10%	10%	70%	27%	8%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	10	21	29	65	118	273
Down Capture	13%	-2%	9%	52%	70%	54%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	6	10	20	45	113	258

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Returns Analyses

	Title
0	How Low Can MAC Copper Stock Really Go?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8252025	6-K 6/30/2025
12312024	3282025	20-F 12/31/2024
6302024	8282024	6-K 6/30/2024
12312023	3282024	20-F 12/31/2023
3312023	5022023	10-Q 3/31/2023
12312022	3242023	10-K 12/31/2022
9302022	11142022	10-Q 9/30/2022
6302022	8222022	10-Q 6/30/2022
3312022	5232022	10-Q 3/31/2022
12312021	3312022	10-K 12/31/2021
9302021	11152021	10-Q 9/30/2021
6302021	9102021	10-Q 6/30/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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MAC Copper (MTAL)

Market Price (10/31/2025): $12.215 | Market Cap: $591.3 MilSector: Materials | Industry: Diversified Metals & Mining

MAC Copper (MTAL)

Market Price (10/31/2025): $12.215Market Cap: $591.3 MilSector: MaterialsIndustry: Diversified Metals & Mining

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MTAL Stock

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Market Price (10/31/2025): $12.215 | Market Cap: $591.3 Mil
Sector: Materials | Industry: Diversified Metals & Mining

Market Price (10/31/2025): $12.215
Market Cap: $591.3 Mil
Sector: Materials
Industry: Diversified Metals & Mining