Canaccord Genuity Group Reiterates Buy Rating for ACG Acquisition (LON:ACG)

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 research analysts at Canaccord Genuity Group in a research note issued on Monday,Digital Look reports.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 760 target price on shares of ACG Acquisition in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ACG Acquisition currently has a consensus rating of "Buy" and a consensus price target of GBX 795.

ACG Acquisition Price Performance

Shares of ACG opened at GBX 925 on Monday. The company has a market capitalization of £200.35 million and a price-to-earnings ratio of -585.44. The business's 50-day moving average is GBX 662.65 and its 200-day moving average is GBX 435.95. ACG Acquisition has a fifty-two week low of GBX 385 and a fifty-two week high of GBX 950.

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.

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