Atalaya Mining’s (ATYM) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Atalaya Mining (LON:ATYM) in a research note released on Friday morning, Marketbeat.com reports. They currently have a GBX 800 price objective on the stock.

Other equities analysts have also issued research reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 705 price objective on shares of Atalaya Mining in a research note on Thursday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 830 price target on shares of Atalaya Mining in a research note on Thursday. Finally, Berenberg Bank lifted their price objective on shares of Atalaya Mining from GBX 620 to GBX 630 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 741.25.

Atalaya Mining Stock Performance

Shares of LON ATYM opened at GBX 671 on Friday. The stock has a market cap of £944.49 million, a PE ratio of 13.13, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 1 year low of GBX 275.29 and a 1 year high of GBX 713. The firm has a fifty day moving average price of GBX 631.56 and a 200-day moving average price of GBX 521.78. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64.

Insider Transactions at Atalaya Mining

In other Atalaya Mining news, insider Jesus Fernandez Lopez sold 70,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is currently owned by corporate insiders.

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.