Berenberg Bank Initiates Coverage on ACG Acquisition (LON:ACG)

Berenberg Bank assumed coverage on shares of ACG Acquisition (LON:ACG) in a research report report published on Monday morning, MarketBeat reports. The firm issued a buy rating and a GBX 720 ($9.66) target price on the stock.

Separately, Canaccord Genuity Group assumed coverage on ACG Acquisition in a research note on Tuesday. They set a “buy” rating and a GBX 830 ($11.14) price objective on the stock.

ACG Acquisition Stock Up 5.4%

Shares of ACG Acquisition stock opened at GBX 540 ($7.25) on Monday. ACG Acquisition has a 12-month low of GBX 385 ($5.17) and a 12-month high of GBX 1,232 ($16.53). The stock has a market cap of £10.26 billion and a P/E ratio of -488.99. The business’s 50 day moving average is GBX 432.91 and its 200-day moving average is GBX 157.72.

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.