Cantor Fitzgerald initiates coverage on ACG Metals with 'buy' rating

LONDON - Cantor Fitzgerald Canada Corporation has initiated equity research coverage on ACG Metals Ltd. with a "Buy (Speculative)" rating, according to a press release statement issued by the company on Friday.

The coverage is being led by Puneet Singh, Director and Equity Analyst in Metals & Mining at Cantor Fitzgerald, who will provide analysis on ACG’s strategy, operations, and market positioning for institutional and retail investors.

This marks ACG’s first research coverage from a North American investment bank, potentially increasing the company’s visibility among investors in that region.

ACG Metals, which aims to consolidate the copper industry through acquisitions, completed the purchase of the Gediktepe Mine in September 2024. The mine currently produces gold but is expected to transition to primary copper and zinc production from 2026, targeting annual steady-state copper equivalent production of 20-25 kilotonnes.

"We welcome Cantor Fitzgerald’s initiation of coverage on ACG Metals as our first from a North American Investment Bank. This recognition reflects growing international interest in our strategy and the quality of our first asset," said Artem Volynets, Chief Executive Officer of ACG Metals, in the press release.

The company also has research coverage from other firms including Berenberg, Canaccord, and Stifel, according to the announcement.

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