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

Atalaya Mining (LON:ATYM) had its target price raised by Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research note issued on Monday,Digital Look reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 35.97% from the company’s previous close.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group upped their price target on Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the company 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 report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Atalaya Mining has an average rating of “Buy” and a consensus price target of GBX 1,021.25.

Atalaya Mining Stock Performance

LON:ATYM opened at GBX 809 on Monday. 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 market cap of £1.24 billion, a price-to-earnings ratio of 14.50, a PEG ratio of -2.02 and a beta of 1.48. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.64 and a current ratio of 3.20. Atalaya Mining has a 52-week low of GBX 440.50 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.