Atalaya Mining’s (ATYM) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 1,090 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 53.74% from the company’s current price.

A number of other brokerages have also recently weighed in on ATYM. Royal Bank Of Canada boosted their price objective on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Berenberg Bank upped their price objective on Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 967.50.

Atalaya Mining Trading Down 13.2%

ATYM stock traded down GBX 108 during midday trading on Thursday, hitting GBX 709. 94,125,141 shares of the company’s stock were exchanged, compared to its average volume of 4,019,801. The stock has a market capitalization of £1.09 billion, a PE ratio of 12.50, a P/E/G ratio of -2.02 and a beta of 1.35. Atalaya Mining has a 1-year low of GBX 275.29 and a 1-year high of GBX 1,094. The company has a current ratio of 1.75, a quick ratio of 1.64 and a debt-to-equity ratio of 4.75. The business has a 50-day simple moving average of GBX 950.17 and a two-hundred day simple moving average of GBX 776.08.

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.