Atalaya Mining (LON:ATYM) Given New GBX 1,100 Price Target at Canaccord Genuity Group

Atalaya Mining (LON:ATYM) had its target price upped by equities research analysts at Canaccord Genuity Group from GBX 1,090 to GBX 1,100 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 33.88% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada decreased their target price on Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research note on Thursday, April 16th. Berenberg Bank boosted their price target on shares of Atalaya Mining from GBX 950 to GBX 980 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Atalaya Mining currently has a consensus rating of “Moderate Buy” and an average price target of GBX 965.

Atalaya Mining Stock Up 3.3%

Shares of ATYM stock opened at GBX 821.62 on Tuesday. Atalaya Mining has a 1 year low of GBX 440.50 and a 1 year high of GBX 1,094. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.64 and a current ratio of 3.20. The business’s fifty day moving average is GBX 816.79 and its 200-day moving average is GBX 851.91. The stock has a market cap of £1.26 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of -2.02 and a beta of 1.48.

About Atalaya Mining

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya’s shares trade on the London Stock Exchange’s Main Market under the symbol “ATYM”.

Atalaya’s operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.