ACG Acquisition’s (ACG) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of ACG Acquisition (LON:ACG) in a research note released on Monday, Marketbeat.com reports. They currently have a GBX 2,100 price target on the stock.

Separately, Canaccord Genuity Group upped their price objective on ACG Acquisition from GBX 1,500 to GBX 1,950 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 2,025.

ACG Acquisition Stock Performance

Shares of ACG Acquisition stock opened at GBX 1,430 on Monday. The company has a 50-day simple moving average of GBX 1,137.93 and a two-hundred day simple moving average of GBX 937. ACG Acquisition has a 52-week low of GBX 385 and a 52-week high of GBX 1,450. The stock has a market capitalization of £325.87 million and a PE ratio of 29.18.

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.