ACG Acquisition's (ACG) Buy Rating Reaffirmed at Canaccord Genuity Group

Key Points

• ACG Acquisition's stock received a reaffirmed "buy" rating from Canaccord Genuity Group, with a price target of GBX 1,130, reflecting a potential upside of 13% from its previous close.
• Shares of ACG Acquisition increased by 6.4%, opening at GBX 1,000, with a market capitalization of £216.59 million.
• The company is pursuing a strategy to consolidate the copper industry, successfully acquiring the Gediktepe Mine, which is set to commence copper and zinc production by 2026.

ACG Acquisition (LON:ACG - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 1,130 price objective on the stock. Canaccord Genuity Group's price target indicates a potential upside of 13.00% from the company's previous close.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 820 target price on shares of ACG Acquisition in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of GBX 975.

ACG Acquisition Stock Up 6.4%

Shares of ACG stock opened at GBX 1,000 on Thursday. The company has a 50 day moving average price of GBX 738.77 and a 200-day moving average price of GBX 515.09. The firm has a market capitalization of £216.59 million and a PE ratio of -632.91. ACG Acquisition has a 52 week low of GBX 385 and a 52 week high of GBX 1,000.

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

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.

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