ACG Acquisition (LON:ACG) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of ACG Acquisition (LON:ACG) in a report published on Tuesday,London Stock Exchange reports. The brokerage issued a buy rating and a GBX 830 ($11.14) price objective on the stock.

ACG Acquisition Stock Performance

Shares of ACG opened at GBX 520 ($6.98) on Tuesday. The business’s fifty day moving average price is GBX 430.75 and its two-hundred day moving average price is GBX 153.98. The firm has a market capitalization of £9.88 billion and a price-to-earnings ratio of -470.88. ACG Acquisition has a 52 week low of GBX 385 ($5.17) and a 52 week high of GBX 1,232 ($16.54).

ACG Acquisition Company Profile

ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.

In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt.