Atalaya Mining (LON:ATYM) Price Target Raised to GBX 1,075 at Royal Bank Of Canada

Atalaya Mining (LON:ATYM) had its target price hoisted by Royal Bank Of Canada from GBX 1,000 to GBX 1,075 in a research report report published on Thursday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on ATYM. Canaccord Genuity Group restated a “buy” rating and set a GBX 830 target price on shares of Atalaya Mining in a research report on Thursday, November 13th. Berenberg Bank boosted their price objective on Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Peel Hunt restated a “buy” rating and set a GBX 705 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Atalaya Mining currently has an average rating of “Buy” and an average target price of GBX 902.50.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 956 on Thursday. Atalaya Mining has a 52-week low of GBX 275.29 and a 52-week high of GBX 974. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The firm’s fifty day moving average is GBX 801.46 and its 200 day moving average is GBX 646.34. The company has a market cap of £1.35 billion, a price-to-earnings ratio of 16.86, a PEG ratio of -2.02 and a beta of 1.64.

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.