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

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 830 ($11.14) price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 30.30% from the company’s previous close.

Separately, Berenberg Bank boosted their price objective on shares of ACG Acquisition from GBX 720 ($9.66) to GBX 760 ($10.20) and gave the company a “buy” rating in a research report on Wednesday, July 2nd.

ACG Acquisition Stock Up 3.6%

ACG Acquisition stock opened at GBX 637 ($8.55) on Tuesday. The company has a market capitalization of £12.11 billion and a PE ratio of -576.83. The firm has a fifty day simple moving average of GBX 502.88 and a two-hundred day simple moving average of GBX 235.47. ACG Acquisition has a twelve month low of GBX 385 ($5.17) and a twelve month high of GBX 1,232 ($16.53).

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.