ACG Acquisition (LON:ACG) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of ACG Acquisition (LON:ACG) in a research report released on Monday morning, Marketbeat reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 760 price target on shares of ACG Acquisition in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 825.

ACG Acquisition Stock Performance

LON ACG opened at GBX 920 on Monday. The stock has a 50-day simple moving average of GBX 669.85 and a two-hundred day simple moving average of GBX 439.33. The firm has a market capitalization of £199.26 million and a P/E ratio of -582.28. ACG Acquisition has a fifty-two week low of GBX 385 and a fifty-two week high of GBX 950.

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.