Royal Bank Of Canada Issues Pessimistic Forecast for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price objective lowered by investment analysts at Royal Bank Of Canada from GBX 1,125 to GBX 1,075 in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 34.80% from the company’s current price.

ATYM has been the topic of several other reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,090 target price on shares of Atalaya Mining in a research note on Thursday, March 19th. Berenberg Bank restated a “buy” rating and set a GBX 950 price target on shares of Atalaya Mining in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Atalaya Mining presently has a consensus rating of “Moderate Buy” and an average target price of GBX 955.

Atalaya Mining Stock Performance

Shares of ATYM stock opened at GBX 797.50 on Thursday. The stock’s 50-day moving average price is GBX 858.89 and its 200 day moving average price is GBX 802.06. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 8.28. The stock has a market capitalization of £1.23 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of -2.02 and a beta of 1.52. Atalaya Mining has a 52-week low of GBX 347 and a 52-week 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.