ACG Acquisition (LON:ACG) Shares Down 1.9% - Should You Sell?

Key Points

• ACG Acquisition Company Limited shares dropped 1.9%, closing at GBX 1,050 ($14.00), with trading volume 29% lower than the average.
• Two research firms have increased their price targets for ACG, now rated as "Buy" with a consensus average price target of GBX 1,210.
• The company recently completed the acquisition of the Gediktepe Mine, expected to transition to copper and zinc production by 2026, targeting annual production of 20-25 kt.

ACG Acquisition Company Limited (LON:ACG - Get Free Report) shares fell 1.9% during trading on Thursday . The company traded as low as GBX 1,000 ($13.33) and last traded at GBX 1,050 ($14.00). 7,194 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 10,063 shares. The stock had previously closed at GBX 1,070 ($14.26).

Analyst Ratings Changes

A number of research firms have recently commented on ACG. Canaccord Genuity Group increased their price objective on ACG Acquisition from GBX 1,130 to GBX 1,230 and gave the company a "buy" rating in a report on Wednesday, October 15th. Berenberg Bank increased their price target on ACG Acquisition from GBX 820 to GBX 1,190 and gave the stock a "buy" rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, ACG Acquisition has a consensus rating of "Buy" and an average price target of GBX 1,210.

ACG Acquisition Stock Down 4.3%

The company has a market capitalization of £216.59 million and a price-to-earnings ratio of 20.41. The stock has a fifty day moving average price of GBX 872.61 and a two-hundred day moving average price of GBX 634.36.

ACG Acquisition (LON:ACG - Get Free Report) last announced its quarterly earnings data on Monday, September 15th. The company reported GBX 80 EPS for the quarter.

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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