Berenberg Bank Begins Coverage on ACG Acquisition (LON:ACG)

Berenberg Bank initiated coverage on shares of ACG Acquisition (LON:ACG) in a report issued on Monday morning, Marketbeat reports. The firm issued a buy rating and a GBX 720 ($9.77) price target on the stock.

Separately, Canaccord Genuity Group started coverage on ACG Acquisition in a research report on Tuesday. They issued a “buy” rating and a GBX 830 ($11.26) price target for the company.

ACG Acquisition Stock Up 1.5%

LON ACG traded up GBX 7.50 ($0.10) during mid-day trading on Monday, hitting GBX 520 ($7.06). The stock had a trading volume of 27,664 shares, compared to its average volume of 2,444. The company has a 50 day simple moving average of GBX 420.43 and a 200 day simple moving average of GBX 150.38. The company has a market cap of £9.88 billion and a price-to-earnings ratio of -470.88. ACG Acquisition has a 52-week low of GBX 385 ($5.22) and a 52-week high of GBX 1,232 ($16.72).

About ACG Acquisition

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.