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ACG Acquisition (LON:ACG) Announces Quarterly Earnings Results

ACG Acquisition logo with Financial Services background

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.
  • Interested in ACG Acquisition? Here are five stocks we like better.

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

ACG Acquisition Stock Up 2.3%

Shares of ACG traded up GBX 20 on Friday, hitting GBX 895. 2,986 shares of the stock traded hands, compared to its average volume of 7,083. The firm has a market capitalization of £193.85 million and a P/E ratio of -566.46. The stock's 50 day moving average is GBX 695.25 and its two-hundred day moving average is GBX 464. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 960.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACG. Canaccord Genuity Group reissued a "buy" rating on shares of ACG Acquisition in a report on Monday, September 15th. Berenberg Bank reissued a "buy" rating and set a GBX 820 price objective on shares of ACG Acquisition in a report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ACG Acquisition currently has an average rating of "Buy" and a consensus price target of GBX 825.

Check Out Our Latest Report on ACG

About ACG Acquisition

(Get Free Report)

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.

Further Reading

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