ACG Acquisition (LON:ACG) Stock Price Down 1.6% - Should You Sell?

Key Points

• ACG Acquisition's stock price decreased by 1.6%, trading at GBX 662 ($8.90) after a previous close of GBX 672.50 ($9.05).
• Brokerages like Canaccord Genuity and Berenberg Bank have maintained "buy" ratings, with price targets set at GBX 830 ($11.16) and GBX 760 ($10.22) respectively.
• ACG Acquisition has a market capitalization of £12.58 billion and is working towards consolidating the copper industry, anticipating production from the recently acquired Gediktepe Mine in 2026.

ACG Acquisition Company Limited (LON:ACG - Get Free Report) was down 1.6% during trading on Friday . The company traded as low as GBX 662 ($8.89) and last traded at GBX 662 ($8.89). Approximately 1,663 shares were traded during trading, a decline of 64% from the average daily volume of 4,652 shares. The stock had previously closed at GBX 672.50 ($9.03).

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACG shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 760 ($10.21) 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 ($11.15) target price on shares of ACG Acquisition in a research note on Tuesday, July 15th.

ACG Acquisition Price Performance

The stock's 50 day simple moving average is GBX 581.20 and its 200-day simple moving average is GBX 317.43. The company has a market capitalization of £13.11 billion and a PE ratio of -624.82.

About ACG Acquisition

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.