ACG Acquisition (LON:ACG) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of ACG Acquisition (LON:ACG) in a research report released on Friday morning,Digital Look reports. The firm currently has a GBX 2,100 target price on the stock.

Separately, Canaccord Genuity Group increased their price objective on ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ACG Acquisition presently has an average rating of “Buy” and an average price target of GBX 2,135.

ACG Acquisition Trading Up 0.6%

Shares of ACG Acquisition stock opened at GBX 1,650 on Friday. The firm has a market capitalization of £381.51 million and a PE ratio of 33.67. The business’s 50-day moving average price is GBX 1,431.34 and its 200-day moving average price is GBX 1,263.12. ACG Acquisition has a 12 month low of GBX 420 and a 12 month high of GBX 1,790.

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. Gediktepe produced 55koz of AuEq in 2024.

ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.