ACG Acquisition’s (ACG) “Buy” Rating Reiterated at Stifel Nicolaus
by Scott Moore · The Cerbat GemStifel Nicolaus reissued their buy rating on shares of ACG Acquisition (LON:ACG – Free Report) in a report issued on Tuesday morning,Digital Look reports. They currently have a GBX 2,350 target price on the stock.
Other analysts have also issued research reports about the company. Canaccord Genuity Group boosted their target price on ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,100 target price on shares of ACG Acquisition in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 2,206.67.
Read Our Latest Report on ACG Acquisition
ACG Acquisition Stock Performance
ACG stock opened at GBX 1,635.50 on Tuesday. The firm has a market cap of £378.16 million and a PE ratio of 33.38. The firm’s 50 day moving average price is GBX 1,442.05 and its 200-day moving average price is GBX 1,281.42. ACG Acquisition has a one year low of GBX 420 and a one year 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.