Canaccord Genuity Group Initiates Coverage on ACG Acquisition (LON:ACG)

Stock analysts at Canaccord Genuity Group initiated coverage on shares of ACG Acquisition (LON:ACG) in a research report issued on Tuesday,London Stock Exchange reports. The firm set a “buy” rating and a GBX 830 ($11.26) price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 59.62% from the company’s previous close.

ACG Acquisition Trading Up 1.5%

LON ACG traded up GBX 7.50 ($0.10) during trading on Tuesday, reaching GBX 520 ($7.06). The company’s stock had a trading volume of 27,664 shares, compared to its average volume of 2,444. ACG Acquisition has a 12 month low of GBX 385 ($5.22) and a 12 month high of GBX 1,232 ($16.72). The firm has a 50 day moving average price of GBX 420.43 and a 200 day moving average price of GBX 150.38. The firm has a market capitalization of £9.88 billion and a price-to-earnings ratio of -470.88.

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.