ACG Acquisition (LON:ACG) Sets New 12-Month High - Here's Why

ACG Acquisition Company Limited (LON:ACG - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 570 ($7.76) and last traded at GBX 560 ($7.62), with a volume of 2552 shares trading hands. The stock had previously closed at GBX 550 ($7.49).

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Canaccord Genuity Group initiated coverage on ACG Acquisition in a research report on Tuesday, June 17th. They issued a "buy" rating and a GBX 830 ($11.30) price objective for the company. Berenberg Bank lifted their price objective on ACG Acquisition from GBX 720 ($9.80) to GBX 760 ($10.34) and gave the company a "buy" rating in a report on Wednesday, July 2nd.

ACG Acquisition Price Performance

The stock has a market cap of £10.64 billion and a price-to-earnings ratio of -507.10. The company has a 50 day simple moving average of GBX 480.38 and a 200 day simple moving average of GBX 206.94.

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.