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

Key Points

• Canaccord Genuity Group has reiterated a "buy" rating for ACG Acquisition, with analysts expressing confidence in the stock's performance.
• ACG Acquisition's shares have a current consensus price target of GBX 795, with a strong buy support from multiple analysts.
• The company recently completed the acquisition of the Gediktepe Mine, expected to start copper and zinc production by 2026, aiming for annual production equivalent of 20-25 kt.

ACG Acquisition (LON:ACG - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Canaccord Genuity Group in a note issued to investors on Monday, Marketbeat reports.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 760 target price on shares of ACG Acquisition in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ACG Acquisition presently has a consensus rating of "Buy" and an average target price of GBX 825.

ACG Acquisition Trading Up 2.3%

ACG traded up GBX 20 on Monday, reaching GBX 895. The stock had a trading volume of 2,986 shares, compared to its average volume of 7,083. ACG Acquisition has a 12-month low of GBX 385 and a 12-month high of GBX 960. The business's 50-day moving average price is GBX 688.95 and its two-hundred day moving average price is GBX 457.78. The company has a market cap of £193.85 million and a P/E ratio of -566.46.

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

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.