Canaccord Genuity Group Reaffirms “Buy” Rating for ACG Acquisition (LON:ACG)

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 830 ($11.14) target price on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 30.30% from the company’s previous close.

Separately, Berenberg Bank lifted their price target on shares of ACG Acquisition from GBX 720 ($9.66) to GBX 760 ($10.20) and gave the stock a “buy” rating in a report on Wednesday, July 2nd.

ACG Acquisition Stock Performance

LON:ACG opened at GBX 637 ($8.55) on Tuesday. The firm has a market cap of £12.11 billion and a price-to-earnings ratio of -576.83. ACG Acquisition has a 52 week low of GBX 385 ($5.17) and a 52 week high of GBX 1,232 ($16.53). The firm has a 50-day moving average price of GBX 502.88 and a two-hundred day moving average price of GBX 235.47.

About ACG Acquisition

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.