tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

MAC Copper Shareholders Approve Acquisition by Harmony Gold

Story Highlights
MAC Copper Shareholders Approve Acquisition by Harmony Gold

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.

The latest announcement is out from MAC Copper ( (MTAL) ).

On August 29, 2025, MAC Copper Limited announced that its shareholders voted in favor of a scheme of arrangement for the acquisition of the company by Harmony Gold (Australia) Pty Ltd. The resolutions were overwhelmingly supported, with 98.43% of Scheme Shareholders voting in favor at the Court Meeting and 97.84% at the General Meeting. The acquisition is expected to strengthen MAC Copper’s position in the metals and mining industry, with implications for its operations and stakeholders as the company aligns with Harmony Gold’s strategic objectives. The court sanction hearing is scheduled for October 9, 2025, and if approved, MAC shares will be suspended from trading shortly thereafter.

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 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: 772,281

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1B

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