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

Canaccord Genuity Group assumed coverage on shares of ACG Acquisition (LON:ACGFree Report) in a report published on Tuesday,London Stock Exchange reports. The firm issued a buy rating and a GBX 830 ($11.18) price target on the stock.

ACG Acquisition Stock Up 0.7%

LON:ACG opened at GBX 544 ($7.33) on Tuesday. The stock’s fifty day moving average is GBX 435.15 and its two-hundred day moving average is GBX 161.49. ACG Acquisition has a 52 week low of GBX 385 ($5.18) and a 52 week high of GBX 1,232 ($16.59). The stock has a market capitalization of £10.34 billion and a price-to-earnings ratio of -492.61.

ACG Acquisition Company Profile

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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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