ACG Acquisition (LON:ACG) Stock Price Up 2.3% - Should You Buy?

Key Points

• ACG Acquisition Company's shares rose by 2.3% during trading, closing at GBX 675 ($9.14) with a notable drop in trading volume.
• Two research firms reaffirmed a "buy" rating" for ACG Acquisition, with target prices set at GBX 760 and GBX 830, while the average target price stands at GBX 795.
• ACG Acquisition recently completed the acquisition of the Gediktepe Mine, expected to begin production of copper and zinc by 2026, targeting an annual output of 20-25 kt.

Shares of ACG Acquisition Company Limited (LON:ACG - Get Free Report) rose 2.3% on Monday . The company traded as high as GBX 675 ($9.07) and last traded at GBX 675 ($9.07). Approximately 3,430 shares traded hands during trading, a decline of 28% from the average daily volume of 4,796 shares. The stock had previously closed at GBX 660 ($8.87).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Berenberg Bank restated a "buy" rating and set a GBX 760 target price on shares of ACG Acquisition in a research report on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 830 price target on shares of ACG Acquisition in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ACG Acquisition currently has a consensus rating of "Buy" and a consensus price target of GBX 795.

ACG Acquisition Stock Performance

The firm has a market cap of £148.36 million and a price-to-earnings ratio of -433.54. The business's 50 day moving average price is GBX 629.81 and its 200-day moving average price is GBX 395.06.

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.