ACG Acquisition (LON:ACG) Hits New 52-Week High - Here's Why

ACG Acquisition Company Limited (LON:ACG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 625 ($8.39) and last traded at GBX 610 ($8.19), with a volume of 65487 shares changing hands. The stock had previously closed at GBX 587.50 ($7.89).

Analyst Ratings Changes

ACG has been the subject of several recent analyst reports. Canaccord Genuity Group restated a "buy" rating and set a GBX 830 ($11.14) target price on shares of ACG Acquisition in a research report on Tuesday. Berenberg Bank reissued a "buy" rating and issued a GBX 760 ($10.20) target price on shares of ACG Acquisition in a research report on Tuesday.

ACG Acquisition Price Performance

The company has a market capitalization of £11.59 billion and a price-to-earnings ratio of -552.38. The business's 50 day simple moving average is GBX 491.73 and its 200 day simple moving average is GBX 224.27.

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.

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