Atalaya Mining (LON:ATYM) Price Target Raised to GBX 1,100

Atalaya Mining (LON:ATYM) had its target price boosted by Canaccord Genuity Group from GBX 1,090 to GBX 1,100 in a research report report published on Tuesday morning,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also commented on ATYM. Royal Bank Of Canada dropped their price objective on Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Berenberg Bank upped their target price on Atalaya Mining from GBX 950 to GBX 980 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,015.

Atalaya Mining Price Performance

Shares of Atalaya Mining stock opened at GBX 835.50 on Tuesday. The firm has a market cap of £1.28 billion, a PE ratio of 14.97, a P/E/G ratio of -2.02 and a beta of 1.48. Atalaya Mining has a twelve month low of GBX 440.50 and a twelve month high of GBX 1,094. The company has a quick ratio of 1.64, a current ratio of 3.20 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of GBX 820.46 and a 200 day moving average price of GBX 852.45.

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.