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

Canaccord Genuity Group reaffirmed their buy rating on shares of ACG Acquisition (LON:ACG) in a research report report published on Thursday, MarketBeat.com reports. They currently have a GBX 1,130 target price on the stock.

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 research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 975.

ACG Acquisition Stock Performance

ACG Acquisition stock opened at GBX 1,020 on Thursday. ACG Acquisition has a 1 year low of GBX 385 and a 1 year high of GBX 1,050. The company has a market cap of £220.92 million and a price-to-earnings ratio of -645.57. The firm has a 50 day moving average price of GBX 753.83 and a 200 day moving average price of GBX 532.79.

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.

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.