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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,100 price objective on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 9.24% from the stock’s previous close.

Several other research analysts have also weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,180 price target on shares of Atalaya Mining in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,021.25.

Atalaya Mining Stock Performance

Shares of ATYM stock opened at GBX 1,007 on Tuesday. The stock has a market cap of £1.55 billion, a P/E ratio of 18.05, a P/E/G ratio of -2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 2.31, a current ratio of 3.20 and a quick ratio of 1.64. The company has a fifty day moving average price of GBX 845.95 and a two-hundred day moving average price of GBX 853.50. Atalaya Mining has a one year low of GBX 481.50 and a one year 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.