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

Atalaya Mining (LON:ATYM) had its price target lifted by investment analysts at Canaccord Genuity Group from GBX 1,090 to GBX 1,100 in a research report issued to clients and investors on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 33.88% from the stock’s current price.

A number of other equities analysts also recently weighed in on ATYM. Berenberg Bank upped their target price on Atalaya Mining from GBX 950 to GBX 980 and gave the company a “buy” rating in a report on Wednesday, May 27th. Royal Bank Of Canada lowered their price objective on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating on the stock in a research report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 965.

Atalaya Mining Trading Up 3.3%

Shares of LON ATYM opened at GBX 821.62 on Tuesday. Atalaya Mining has a one year low of GBX 440.50 and a one year high of GBX 1,094. The firm has a market capitalization of £1.26 billion, a PE ratio of 14.72, a PEG ratio of -2.02 and a beta of 1.48. The company has a current ratio of 3.20, a quick ratio of 1.64 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of GBX 816.79 and a two-hundred day moving average price of GBX 851.91.

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. 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.