Canaccord Genuity Group Issues Positive Forecast for ACG Acquisition (LON:ACG) Stock Price

ACG Acquisition (LON:ACG) had its price objective boosted by Canaccord Genuity Group from GBX 1,950 to GBX 2,040 in a research note released on Tuesday, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 2,100 price objective on shares of ACG Acquisition in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 2,070.

ACG Acquisition Stock Performance

Shares of ACG stock opened at GBX 1,324 on Tuesday. ACG Acquisition has a fifty-two week low of GBX 395 and a fifty-two week high of GBX 1,790. The stock’s fifty day moving average price is GBX 1,417.34 and its two-hundred day moving average price is GBX 1,144.95. The company has a market cap of £306.14 million and a PE ratio of 27.02.

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.