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

ACG Acquisition (LON:ACG - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Tuesday, Marketbeat reports. They currently have a GBX 830 ($11.15) target price on the stock. Canaccord Genuity Group's price target points to a potential upside of 20.29% from the company's current price.

Separately, Berenberg Bank increased their target price on shares of ACG Acquisition from GBX 720 ($9.67) to GBX 760 ($10.21) and gave the company a "buy" rating in a report on Wednesday, July 2nd.

ACG Acquisition Stock Performance

Shares of ACG stock traded up GBX 45 ($0.60) on Tuesday, hitting GBX 690 ($9.27). 18,962 shares of the company's stock traded hands, compared to its average volume of 3,587. ACG Acquisition has a one year low of GBX 385 ($5.17) and a one year high of GBX 1,232 ($16.54). The company's fifty day simple moving average is GBX 507.20 and its 200 day simple moving average is GBX 239.97. The stock has a market capitalization of £13.11 billion and a price-to-earnings ratio of -624.82.

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.