Shares of ACG Acquisition Company Limited (LON:ACG – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 1,711 and traded as low as GBX 1,700. ACG Acquisition shares last traded at GBX 1,700, with a volume of 2,138 shares.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ACG. Berenberg Bank increased their price target on shares of ACG Acquisition from GBX 2,300 to GBX 2,400 and gave the company a “buy” rating in a report on Monday. Canaccord Genuity Group decreased their price target on shares of ACG Acquisition from GBX 2,370 to GBX 2,295 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Three analysts have rated the stock with a Buy rating. Based on data from MarketBeat, ACG Acquisition currently has an average rating of “Buy” and an average price target of GBX 2,348.33.
View Our Latest Stock Report on ACG Acquisition
ACG Acquisition Price Performance
The stock’s 50 day simple moving average is GBX 1,958.40 and its two-hundred day simple moving average is GBX 1,711. The stock has a market cap of £393.46 million and a price-to-earnings ratio of -3.74.
ACG Acquisition (LON:ACG – Get Free Report) last announced its quarterly earnings results on Thursday, September 17th. The company reported GBX (1.70) earnings per share (EPS) for the quarter. ACG Acquisition had a negative net margin of 68.97% and a negative return on equity of 381.58%.
About ACG Acquisition
ACG Metals is a company with a vision to build a global, high-margin, copper-focused producer with safe, efficient, and sustainable operations.
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 39.2koz of AuEq in 2025.
ACG’s team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector.
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