Atalaya Mining (LON:ATYM) Given New GBX 1,100 Price Target at Royal Bank Of Canada

Atalaya Mining (LON:ATYM) had its price target upped by Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research report released on Monday morning,Digital Look reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms also recently issued reports on ATYM. Canaccord Genuity Group lifted their price target on shares of Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,180 price objective on shares of Atalaya Mining in a research report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,021.25.

Atalaya Mining Trading Up 2.6%

LON ATYM opened at GBX 817.50 on Monday. The stock has a market cap of £1.26 billion, a P/E ratio of 14.65, a PEG ratio of -2.02 and a beta of 1.48. The company’s fifty day simple moving average is GBX 819.55 and its 200-day simple moving average is GBX 852.01. The company has a current ratio of 3.20, a quick ratio of 1.64 and a debt-to-equity ratio of 2.31. Atalaya Mining has a 52 week low of GBX 440.50 and a 52 week 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.