Atalaya Mining (LON:ATYM) Price Target Raised to GBX 590

Atalaya Mining (LON:ATYM) had its target price upped by Canaccord Genuity Group from GBX 525 ($7.05) to GBX 590 ($7.92) in a report released on Tuesday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Berenberg Bank lifted 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 research note on Thursday, July 3rd.

Atalaya Mining Stock Down 2.0%

LON ATYM opened at GBX 466 ($6.26) on Tuesday. The stock’s 50-day moving average price is GBX 444.47 and its 200-day moving average price is GBX 391.64. The company has a market capitalization of £794.19 million, a P/E ratio of 28.88, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 52 week low of GBX 275.29 ($3.70) and a 52 week high of GBX 490 ($6.58). The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

Atalaya Mining Company Profile

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.