ACG Acquisition (LON:ACG) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of ACG Acquisition (LON:ACG) in a research report report published on Thursday,London Stock Exchange reports. The brokerage currently has a GBX 1,130 price objective on the stock.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 820 price objective on shares of ACG Acquisition in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, ACG Acquisition currently has an average rating of “Buy” and a consensus price target of GBX 975.

ACG Acquisition Trading Up 5.9%

LON:ACG opened at GBX 995 on Thursday. The firm has a market capitalization of £215.51 million and a price-to-earnings ratio of -629.75. ACG Acquisition has a 1-year low of GBX 385 and a 1-year high of GBX 1,000. The business’s fifty day moving average price is GBX 746.02 and its 200 day moving average price is GBX 522.01.

ACG Acquisition (LON:ACG) last posted its quarterly earnings results on Monday, September 15th. The company reported GBX 80 earnings per share for the quarter.

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.