ACG Acquisition (LON:ACG) Shares Up 0.6% – Here’s What Happened

ACG Acquisition Company Limited (LON:ACG)’s stock price shot up 0.6% during trading on Wednesday . The company traded as high as GBX 1,670 and last traded at GBX 1,660. 6,437 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 13,983 shares. The stock had previously closed at GBX 1,650.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACG. Stifel Nicolaus restated a “buy” rating and issued a GBX 2,350 price objective on shares of ACG Acquisition in a research note on Tuesday, April 21st. Canaccord Genuity Group raised their price objective on shares of ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 2,100 price objective on shares of ACG Acquisition in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 2,206.67.

ACG Acquisition Price Performance

The stock’s 50 day simple moving average is GBX 1,572.01 and its two-hundred day simple moving average is GBX 1,395.17. The stock has a market cap of £381.76 million and a price-to-earnings ratio of -8.09.

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.