ACG Acquisition (LON:ACG) Shares Down 0.7% – Should You Sell?

ACG Acquisition Company Limited (LON:ACG)’s share price was down 0.7% during trading on Thursday . The stock traded as low as GBX 1,390 and last traded at GBX 1,420. Approximately 13,346 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 13,843 shares. The stock had previously closed at GBX 1,430.

Wall Street Analysts Forecast Growth

ACG has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 2,100 target price on shares of ACG Acquisition in a research report on Monday, January 19th. Canaccord Genuity Group increased their price target on ACG Acquisition from GBX 1,500 to GBX 1,950 and gave the stock a “buy” rating in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ACG Acquisition presently has an average rating of “Buy” and a consensus price target of GBX 2,025.

ACG Acquisition Stock Performance

The firm has a market cap of £316.75 million and a P/E ratio of 28.37. The firm has a 50 day simple moving average of GBX 1,330.23 and a 200 day simple moving average of GBX 1,070.42.

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. 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.