MAC Copper Limited Announces Acquisition by Harmony Gold

Metals Corp ( (MTAL) ) just unveiled an announcement.

MAC Copper Limited, a company involved in the copper industry, has entered into a binding scheme implementation deed with Harmony Gold Mining Company Limited and its subsidiary Harmony Gold (Australia) Pty Ltd. Under this agreement, Harmony Australia will acquire 100% of MAC’s issued share capital through a Jersey law scheme of arrangement. The transaction, announced on May 27, 2025, offers MAC shareholders a cash consideration of US$12.25 per share, representing a premium over recent trading prices. The MAC board unanimously supports the transaction, citing it as a strategic move to de-risk investments and realize attractive cash value. Key shareholders have also expressed their support, ensuring a high degree of transaction certainty. The acquisition is expected to benefit stakeholders, including the CSA Copper Mine community, by leveraging Harmony’s expertise in building a copper business in Australia.

The most recent analyst rating on (MTAL) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Metals Corp stock, see the MTAL Stock Forecast page.

Spark’s Take on MTAL Stock

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

Metals Corp shows promise with significant revenue growth and operational improvements, as highlighted in the earnings call. However, ongoing profitability challenges and a negative P/E ratio weigh on valuation. Technical indicators suggest caution, with the stock near resistance levels. Overall, while the company’s strategic initiatives and financial improvements are positive, they are tempered by valuation concerns and market momentum.

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

More about Metals Corp

Average Trading Volume: 432,832

Technical Sentiment Signal: Sell

Current Market Cap: $837M

For an in-depth examination of MTAL stock, go to TipRanks’ Stock Analysis page.