Canaccord Genuity Group Begins Coverage on ACG Acquisition (LON:ACG)

Stock analysts at Canaccord Genuity Group began coverage on shares of ACG Acquisition (LON:ACG - Get Free Report) in a research report issued on Tuesday,London Stock Exchange reports. The brokerage set a "buy" rating and a GBX 830 ($11.16) price target on the stock. Canaccord Genuity Group's target price points to a potential upside of 52.57% from the company's current price.

ACG Acquisition Trading Up 2.6%

Shares of ACG stock traded up GBX 14 ($0.19) on Tuesday, reaching GBX 544 ($7.32). 414 shares of the stock were exchanged, compared to its average volume of 2,562. The company has a market capitalization of £10.34 billion and a price-to-earnings ratio of -492.61. The business's 50 day moving average price is GBX 437.27 and its 200 day moving average price is GBX 165.26. ACG Acquisition has a twelve month low of GBX 385 ($5.18) and a twelve month high of GBX 1,232 ($16.57).

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.