ACG Acquisition (LON:ACG) Releases Earnings Results

Key Points

• ACG Acquisition reported earnings of GBX 80 per share for the quarter, with the stock currently opening at GBX 920 and a market cap of £199.26 million.
• Research analysts maintain a consensus rating of "Buy" for ACG shares, with Canaccord Genuity and Berenberg Bank setting a price target of GBX 820.
• In September 2024, ACG completed the acquisition of the Gediktepe Mine, which is projected to begin copper and zinc production in 2026, targeting an annual production of 20-25 kt.

ACG Acquisition (LON:ACG - Get Free Report) issued its earnings results on Monday. The company reported GBX 80 earnings per share (EPS) for the quarter, Digital Look Earnings reports.

ACG Acquisition Price Performance

ACG stock opened at GBX 920 on Tuesday. ACG Acquisition has a 12 month low of GBX 385 and a 12 month high of GBX 960. The firm has a market cap of £199.26 million and a PE ratio of -582.28. The firm has a 50 day simple moving average of GBX 669.85 and a 200 day simple moving average of GBX 439.33.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ACG shares. Canaccord Genuity Group restated a "buy" rating on shares of ACG Acquisition in a research note on Monday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 820 price objective on shares of ACG Acquisition in a research report on Monday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 825.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.