Atalaya Mining (LON:ATYM) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Atalaya Mining (LON:ATYM) had its target price hoisted by equities research analysts at Canaccord Genuity Group from GBX 525 ($7.05) to GBX 590 ($7.92) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 24.08% from the company’s previous close.

Separately, Berenberg Bank raised their price objective on Atalaya Mining from GBX 420 ($5.64) to GBX 500 ($6.71) and gave the stock a “hold” rating in a report on Thursday, July 3rd.

Atalaya Mining Stock Performance

Atalaya Mining stock opened at GBX 475.50 ($6.38) on Tuesday. The stock’s 50-day moving average is GBX 443.21 and its 200-day moving average is GBX 390.86. The company has a market cap of £810.38 million, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. Atalaya Mining has a 12 month low of GBX 275.29 ($3.69) and a 12 month high of GBX 490 ($6.58).

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.