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

Atalaya Mining (LON:ATYM) had its price objective boosted by research analysts at Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 35.97% from the stock’s current price.

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

Atalaya Mining Trading Up 1.5%

ATYM opened at GBX 809 on Monday. Atalaya Mining has a 52-week low of GBX 440.50 and a 52-week high of GBX 1,094. The firm’s 50 day moving average is GBX 820.10 and its 200-day moving average is GBX 852.25. 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 firm has a market capitalization of £1.24 billion, a P/E ratio of 14.50, a P/E/G ratio of -2.02 and a beta of 1.48.

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.