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

Atalaya Mining (LON:ATYM) had its price objective increased by Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research report sent to investors on Monday morning,Digital Look reports. Royal Bank Of Canada currently has an outperform rating on the stock.

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

Atalaya Mining Price Performance

Shares of Atalaya Mining stock opened at GBX 920.71 on Monday. 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 company’s 50-day moving average price is GBX 820.95 and its two-hundred day moving average price is GBX 852.66. Atalaya Mining has a 52 week low of GBX 440.50 and a 52 week high of GBX 1,094. The stock has a market cap of £1.42 billion, a PE ratio of 16.50, a price-to-earnings-growth 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.