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The latest update is out from ACG Metals Limited Class A ( (GB:ACG) ).
ACG Metals Limited has announced its decision not to make an offer for Anglo Asian Mining Plc after a comprehensive review of the latter’s asset base. This decision aligns with ACG’s disciplined approach to capital allocation and focus on protecting shareholder value, indicating that the acquisition would not create value for stakeholders. The announcement adheres to Rule 2.8 of the Takeover Code, with ACG reserving the right to reconsider under specific circumstances.
The most recent analyst rating on (GB:ACG) stock is a Buy with a £14.00 price target. To see the full list of analyst forecasts on ACG Metals Limited Class A stock, see the GB:ACG Stock Forecast page.
More about ACG Metals Limited Class A
ACG Metals is focused on consolidating the copper industry through strategic acquisitions, emphasizing best-in-class ESG and carbon footprint characteristics. The company acquired the Gediktepe Mine in September 2024, aiming to transition to primary copper and zinc production by 2026, with a target of 20-25 kt annual steady-state copper equivalent production. ACG’s team is experienced in M&A, with a strong commitment to ESG principles and corporate governance.
Average Trading Volume: 11,493
Technical Sentiment Signal: Buy
Current Market Cap: £240.4M
For an in-depth examination of ACG stock, go to TipRanks’ Overview page.