ACG Acquisition’s (ACG) “Buy” Rating Reaffirmed at Canaccord Genuity Group

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

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

ACG Acquisition Stock Up 5.9%

LON:ACG opened at GBX 995 on Thursday. The stock’s 50 day moving average price is GBX 746.02 and its two-hundred day moving average price is GBX 522.01. The firm has a market capitalization of £215.51 million and a price-to-earnings ratio of -629.75. ACG Acquisition has a 12-month low of GBX 385 and a 12-month high of GBX 1,000.

ACG Acquisition (LON:ACG) last announced its 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.