ACG Acquisition (LON:ACG) Trading 1.4% Higher – Here’s Why
by Tristan Rich · The Markets DailyACG Acquisition Company Limited (LON:ACG – Get Free Report) was up 1.4% during trading on Wednesday . The company traded as high as GBX 1,130 and last traded at GBX 1,120. Approximately 5,516 shares were traded during trading, a decline of 51% from the average daily volume of 11,161 shares. The stock had previously closed at GBX 1,105.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of ACG Acquisition from GBX 1,230 to GBX 1,500 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Berenberg Bank lifted their target price on shares of ACG Acquisition from GBX 1,190 to GBX 1,740 and gave the company a “buy” rating in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 1,620.
ACG Acquisition Price Performance
The firm’s 50-day moving average price is GBX 1,084.63 and its 200-day moving average price is GBX 864.09. The stock has a market cap of £259.78 million and a P/E ratio of 23.27.
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. 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.