ACG Acquisition (LON:ACG) Given Buy Rating at Canaccord Genuity Group

ACG Acquisition (LON:ACG)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,130 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 13.00% from the company’s previous close.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 820 target price on shares of ACG Acquisition in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 975.

ACG Acquisition Stock Performance

ACG Acquisition stock opened at GBX 1,000 on Thursday. The company’s fifty day moving average price is GBX 738.77 and its 200 day moving average price is GBX 515.09. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 1,000. The stock has a market capitalization of £216.59 million and a P/E ratio of -632.91.

ACG Acquisition (LON:ACG) last announced 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.