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ACG Metals Limited Class A
(LSE:ACG)
Select Model
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Rating:58Neutral
Price Target:
2,163.00 p
▲(5.00% Upside)
Action:Reiterated
Date:08/25/26
The score is held back primarily by elevated financial risk (large leverage increase, ongoing net losses, and negative 2025 free cash flow) despite stronger operating cash flow. Offsetting this are strong technical momentum (price above major moving averages with positive MACD) and positive corporate developments around production performance and the sulphide expansion progress. Valuation provides limited support due to the negative P/E and no stated dividend yield.
Positive Factors
Improved operating profitability
Positive EBIT and EBITDA in 2025 indicate that the core operation has reached meaningful operating profitability despite bottom-line losses. This provides a stronger base for funding expansion, absorbing cost volatility, and converting improved scale into sustainable earnings over coming quarters.
Negative Factors
Sharp leverage increase
The sharp rise in debt alongside lower equity has materially weakened balance-sheet flexibility. Higher leverage increases the sensitivity of the company to earnings and cash-flow swings, while interest and refinancing obligations may restrict investment capacity and raise financial risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating profitability
Positive EBIT and EBITDA in 2025 indicate that the core operation has reached meaningful operating profitability despite bottom-line losses. This provides a stronger base for funding expansion, absorbing cost volatility, and converting improved scale into sustainable earnings over coming quarters.
Read all positive factors
ACG Metals Limited Class A (ACG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£469.85M
Dividend YieldN/A
Average Volume (3M)7.44K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth130.19%
EPS GrowthN/A
CountryUK
Employees300
SectorGeneral
Sector StrengthN/A
IndustryCopper
Share Statistics
EPS (TTM)N/A
Shares Outstanding23,145,327
10 Day Avg. Volume5,598
30 Day Avg. Volume7,437
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)6.44
Price to Sales (P/S)2.32
P/FCF Ratio-16.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£2,306.67Price Target Upside11.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ACG Metals Limited Class A Business Overview & Revenue Model
Company Description
ACG Metals Ltd. engages in critical metals industry, starting with the copper sector. ACG intends to become a premier supplier of copper and other critical metals to the western OEM supply chain, with best-in-class ESG and carbon footprint charact...
ACG Metals Limited Class A Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
28
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 168.30M | 138.43M | 57.74M | 0.00 | 0.00 |
| Gross Profit | 96.74M | 78.77M | 24.04M | 0.00 | 0.00 |
| EBITDA | 88.65M | 70.42M | 4.14M | -14.19M | -2.74M |
| Net Income | -73.59M | -44.29M | -13.09M | -17.29M | -2.73M |
Balance Sheet | |||||
| Total Assets | 434.81M | 434.97M | 211.42M | 1.66M | 4.59M |
| Cash, Cash Equivalents and Short-Term Investments | 98.63M | 145.19M | 9.60M | 1.45M | 4.54M |
| Total Debt | 208.39M | 208.47M | 39.61M | 291.87K | 0.00 |
| Total Liabilities | 385.01M | 385.15M | 153.11M | 1.91M | 1.08M |
| Stockholders Equity | 49.80M | 49.82M | 58.31M | -246.05K | 3.51M |
Cash Flow | |||||
| Free Cash Flow | -35.52M | -19.41M | 18.76M | -21.58M | -1.71M |
| Operating Cash Flow | 77.01M | 73.82M | 21.28M | -21.58M | -1.71M |
| Investing Cash Flow | -135.42M | -99.28M | -82.23M | 6.43M | 8.47K |
| Financing Cash Flow | 247.24M | 171.34M | 69.28M | 12.07M | 6.24M |
ACG Metals Limited Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £1.78B | 13.88 | 7.94% | 4.03% | 8.57% | 0.74% | |
71 Outperform | £210.84M | 1.33 | 8.13% | 6.53% | ― | ― | |
59 Neutral | £52.67M | -15.12 | -5.87% | 2.02% | 20.26% | 89.85% | |
58 Neutral | £469.85M | -9.86 | -104.92% | ― | 130.19% | ― | |
57 Neutral | £153.23M | 115.00 | 0.71% | 7.44% | 1.30% | -79.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | £110.41M | -2.21 | -46.37% | 3.17% | -0.75% | 25.17% |
* General Sector Average
GB:ACG
ACG Metals Limited Class A
2,000.00
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132.56%
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ACG Metals Limited Class A Corporate Events
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
ACG Metals Secures LSE Block Admission for Incentive Plan Shares
Neutral
Sep 11, 2026
ACG Metals Limited has applied for a block admission of 235,000 class A ordinary shares to trade on the London Stock Exchange’s main market, with the shares reserved to satisfy future exercises of warrants and the vesting and exercise of awa...
Business Operations and StrategyM&A Transactions
ACG Metals Buys Keşkek Gold Licence to Extend Gediktepe Output
Positive
Sep 7, 2026
ACG Metals Limited has agreed to acquire the Keşkek gold project in Türkiye from Meta Nikel Kobalt Madencilik, securing 100% of mining licence 60926 for an initial US$4 million and deferred payments tied to permitting and production. The...
Business Operations and StrategyRegulatory Filings and Compliance
ACG Metals Overhauls Governance Framework to Tighten Ethical Standards
Positive
Sep 3, 2026
ACG Metals Limited has adopted a comprehensive suite of new corporate governance policies after an internal review conducted with external advisers, reinforcing its ethical and professional approach to business. The policies apply to directors, of...
Business Operations and Strategy
ACG Metals Hits First Copper Concentrate Milestone at Gediktepe Mine
Positive
Sep 1, 2026
ACG Metals has produced its first copper concentrate from the Gediktepe operation in Türkiye, marking the company’s transition into a copper producer and a key milestone in the mine’s redevelopment. Commissioning is progressing to...
Business Operations and StrategyRegulatory Filings and Compliance
ACG Metals Discloses 2025 Government Payments for Gediktepe Mine
Positive
Jul 27, 2026
ACG Metals Limited has published its Payments to Governments Report for the year ended 31 December 2025, detailing government-related payments arising from its extractive activities. The disclosure, prepared under UK transparency regulations, cove...
Delistings and Listing ChangesRegulatory Filings and Compliance
ACG Metals Updates Warrant Exercises and Voting Rights After New Share Issue
Neutral
Jul 14, 2026
ACG Metals Limited has received exercise notices for 2,500 public warrants, leading to the issuance of an equal number of new class A ordinary shares. Following this transaction, 11,560,430 warrants will remain outstanding across private placement...
Business Operations and StrategyFinancial Disclosures
ACG Metals Beats Oxide Output Target as Gediktepe Sulphide Expansion Nears Completion
Positive
Jul 14, 2026
ACG Metals reported that H1 2026 production from stockpiled oxide ore reached 18,487 ounces of gold equivalent, already surpassing its full-year oxide target despite a planned decline versus 2025 as the mine transitions to sulphide ore. Higher rea...
Business Operations and Strategy
ACG Metals Boosts Gediktepe Gold Recovery with Patented Process
Positive
Jul 1, 2026
ACG Metals has reported a sustained improvement in gold recovery at its Gediktepe Mine in Türkiye after introducing a patented proprietary metallurgical process, lifting commercial gold recovery rates to about 85% from roughly 75%. The optimi...
Private Placements and FinancingRegulatory Filings and Compliance
ACG Metals boosts share capital after warrant exercise and updates voting rights
Neutral
Jun 26, 2026
ACG Metals Limited has issued 5,400 new class A ordinary shares following the exercise of an equal number of sponsor warrants, reducing its outstanding warrant pool to 11,562,930 across private placement, public and sponsor categories. The new sha...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.