ACG Acquisition (LON:ACG) Stock Price Up 4.2% – Still a Buy?

ACG Acquisition Company Limited (LON:ACG) shares rose 4.2% on Thursday . The stock traded as high as GBX 1,720 and last traded at GBX 1,720. 6,131 shares were traded during mid-day trading, a decline of 54% from the average session volume of 13,417 shares. The stock had previously closed at GBX 1,650.

Wall Street Analysts Forecast Growth

ACG has been the subject of several research reports. Canaccord Genuity Group increased their price objective on shares of ACG Acquisition from GBX 2,040 to GBX 2,170 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Stifel Nicolaus restated a “buy” rating and set a GBX 2,350 target price on shares of ACG Acquisition in a research report on Tuesday, April 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,100 price target on shares of ACG Acquisition in a report on Friday, April 17th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 2,206.67.

ACG Acquisition Price Performance

The business has a 50-day moving average of GBX 1,651.63 and a 200-day moving average of GBX 1,457.55. The company has a market capitalization of £393.33 million and a P/E ratio of -8.33.

ACG Acquisition Company Profile

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.