Atalaya Mining (LON:ATYM) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Atalaya Mining (LON:ATYM) in a report released on Thursday, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 1,090 price target on the stock.

Several other analysts also recently weighed in on ATYM. Berenberg Bank lifted their price target on shares of Atalaya Mining from GBX 930 to GBX 1,000 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada increased their price objective on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 967.50.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 709 on Thursday. The company has a debt-to-equity ratio of 4.75, a current ratio of 1.75 and a quick ratio of 1.64. The stock has a market cap of £1.09 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of -2.02 and a beta of 1.35. The firm has a 50-day moving average of GBX 947.05 and a two-hundred day moving average of GBX 775.62. Atalaya Mining has a 1 year low of GBX 275.29 and a 1 year high of GBX 1,094.

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.