ACG Acquisition (LON:ACG) Earns Buy Rating from Analysts at Canaccord Genuity Group

Equities research analysts at Canaccord Genuity Group initiated coverage on shares of ACG Acquisition (LON:ACG - Get Free Report) in a report issued on Tuesday,London Stock Exchange reports. The firm set a "buy" rating and a GBX 830 ($11.14) price target on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 53.70% from the company's previous close.

ACG Acquisition Trading Up 5.4%

Shares of LON ACG traded up GBX 27.50 ($0.37) during mid-day trading on Tuesday, reaching GBX 540 ($7.25). 18,309 shares of the company's stock were exchanged, compared to its average volume of 2,591. The business has a fifty day simple moving average of GBX 430.75 and a 200 day simple moving average of GBX 153.98. ACG Acquisition has a twelve month low of GBX 385 ($5.17) and a twelve month high of GBX 1,232 ($16.54). The firm has a market capitalization of £10.26 billion and a price-to-earnings ratio of -488.99.

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.