ACG Acquisition (LON:ACG) Coverage Initiated by Analysts at Berenberg Bank

Berenberg Bank assumed coverage on shares of ACG Acquisition (LON:ACG - Free Report) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a GBX 720 ($9.68) price target on the stock.

Separately, Canaccord Genuity Group initiated coverage on ACG Acquisition in a research report on Tuesday. They issued a "buy" rating and a GBX 830 ($11.16) price target on the stock.

ACG Acquisition Price Performance

Shares of ACG traded up GBX 14 ($0.19) during mid-day trading on Monday, reaching GBX 544 ($7.32). The company had a trading volume of 414 shares, compared to its average volume of 2,562. The company has a market capitalization of £10.34 billion and a P/E ratio of -492.61. ACG Acquisition has a twelve month low of GBX 385 ($5.18) and a twelve month high of GBX 1,232 ($16.57). The company's 50-day moving average is GBX 437.27 and its 200-day moving average is GBX 165.26.

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.