ACG Acquisition (LON:ACG) Shares Up 2.3% – What’s Next?

Shares of ACG Acquisition Company Limited (LON:ACG) shot up 2.3% during trading on Monday . The stock traded as high as GBX 675 ($9.14) and last traded at GBX 675 ($9.14). 3,430 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 4,796 shares. The stock had previously closed at GBX 660 ($8.94).

Analyst Upgrades and Downgrades

Several research firms have commented on ACG. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 760 target price on shares of ACG Acquisition in a research note on Tuesday, July 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 830 target price on shares of ACG Acquisition in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 795.

ACG Acquisition Trading Up 2.3%

The company’s 50 day moving average price is GBX 624.11 and its 200-day moving average price is GBX 385.45. The company has a market capitalization of £146.20 million and a PE ratio of -427.22.

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.