ACG Acquisition (LON:ACG) Trading Down 1.6% - Time to 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) shares dropped 1.6% during mid-day trading on Friday . The stock traded as low as GBX 662 ($8.94) and last traded at GBX 662 ($8.94). Approximately 1,663 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 4,652 shares. The stock had previously closed at GBX 672.50 ($9.08).

Analysts Set New Price Targets

ACG has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 830 ($11.21) price target on shares of ACG Acquisition in a research note on Tuesday, July 15th. Berenberg Bank reissued a "buy" rating and issued a GBX 760 ($10.26) price target on shares of ACG Acquisition in a research note on Tuesday, July 15th.

ACG Acquisition Trading Down 1.5%

The business has a fifty day moving average of GBX 585.43 and a 200-day moving average of GBX 322.08. The firm has a market cap of £12.73 billion and a PE ratio of -606.71.

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.