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Metals Corp (MTAL)
NYSE:MTAL
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 21, 2024
|% Change Since: -9.14%
|Next Earnings Date:Aug 28, 2024
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong operational performance, successful financial maneuvers including a substantial equity raise, and promising exploration results. However, there are challenges with slightly lower production, high interest costs, and safety metrics that still need improvement.Company Guidance
During the Q3 2024 earnings call for Metals Acquisition Limited, CEO Michael McMullen highlighted a robust performance, with the company producing over 10,000 tonnes of copper at a 4% head grade. The C1 cost reached the lower end of guidance at USD 1.90 per pound, reflecting a favorable trend. The EBITDA margin remained strong at approximately 50%, with a 77% conversion to cash, and the company ended the quarter with a pro forma liquidity of USD 226 million, after a successful equity raise. Despite a slight quarter-on-quarter production dip, the company expects Q4 to be its strongest quarter, projecting an annual output of around 40,500 tonnes of copper. Exploration efforts continue to yield promising results, particularly at QTS South Upper, contributing to the company's strategic plan to exceed 50,000 tonnes of copper production in the coming years. The call also touched on the strategic direction post-equity raise, with a focus on reducing the mezzanine debt and enhancing flexibility for future growth opportunities.Strong Copper Production
Delivered just over 10,000 tonnes of copper at a head grade of 4% milled, with a clear pathway to 50,000 tonnes plus in the next couple of years.
Robust Liquidity Position
Pro forma liquidity of approximately $226 million USD, providing significant flexibility and optionality.
Successful Equity Raise
Raised AUD 150 million, which delevers the balance sheet and allows for strategic opportunities.
Exploration Success
Continued high-grade copper hits in QTS South Upper, with significant resource expansion potential.
Operational Consistency
Maintained a strong EBITDA margin of about 50%, with 77% converted to cash.
Debt Reduction
Reduced senior debt by $8.1 million over the quarter, with a net gearing ratio of approximately 16%.
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MTAL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTAL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $12.25 | $12.28 | +0.24% |
| Aug 28, 2024 | $11.48 | $11.53 | +0.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Metals Corp (MTAL) report earnings?
Metals Corp (MTAL) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Metals Corp (MTAL) earnings time?
Metals Corp (MTAL) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTAL EPS forecast?
MTAL EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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