ACG Metals Limited Class A (ACG – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Andrew Breichmanas from Stifel Nicolaus maintained a Buy rating on the stock and has a p575.00 price target.
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Andrew Breichmanas has given his Buy rating due to a combination of factors including ACG Metals Limited’s strong production performance and ongoing project developments. The company’s heap leach operations at the Gediktepe mine in Türkiye have shown robust gold sales, contributing to a higher-than-expected gold equivalent production in the first quarter of 2025. Although the production was mainly from year-end inventory balances, the company managed to keep operating costs below estimates, which is a positive indicator for future profitability.
Furthermore, the sulphide expansion project is progressing well, with significant portions of engineering, procurement, and construction already completed, and no delays or cost overruns reported. This project is on track for commissioning in the first quarter of 2026, which could enhance the company’s production capabilities. Despite management’s indication of potentially weaker production in the coming quarters, the overall outlook remains positive, supporting the Buy rating.
According to TipRanks, Breichmanas is ranked #1045 out of 9371 analysts.