ACG Acquisition (LON:ACG) Trading Up 3.8% – Still a Buy?

ACG Acquisition Company Limited (LON:ACG) traded up 3.8% during mid-day trading on Wednesday . The stock traded as high as GBX 1,420 and last traded at GBX 1,360. 70,169 shares traded hands during trading, an increase of 407% from the average session volume of 13,831 shares. The stock had previously closed at GBX 1,310.

Analysts Set New Price Targets

A number of research analysts have recently commented on ACG shares. Berenberg Bank reissued a “buy” rating and issued a GBX 2,100 price objective on shares of ACG Acquisition in a research report on Monday, January 19th. Canaccord Genuity Group raised their target price on shares of ACG Acquisition from GBX 1,950 to GBX 2,040 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 2,070.

ACG Acquisition Stock Performance

The business has a 50 day moving average of GBX 1,454.84 and a two-hundred day moving average of GBX 1,215.56. The firm has a market cap of £323.71 million and a P/E ratio of 28.57.

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.