ACG Acquisition (LON:ACG) Given New GBX 2,170 Price Target at Canaccord Genuity Group

ACG Acquisition (LON:ACG) had its price target hoisted by Canaccord Genuity Group from GBX 2,040 to GBX 2,170 in a research note released on Tuesday,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,100 target price on shares of ACG Acquisition in a research note on Monday, January 19th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 2,135.

ACG Acquisition Stock Performance

LON:ACG opened at GBX 1,640 on Tuesday. The stock’s fifty day moving average is GBX 1,431.54 and its 200 day moving average is GBX 1,252.74. ACG Acquisition has a fifty-two week low of GBX 420 and a fifty-two week high of GBX 1,790. The firm has a market capitalization of £379.20 million and a PE ratio of 33.47.

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. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.