Atalaya Mining (LON:ATYM) Earns Buy Rating from Canaccord Genuity Group

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 1,100 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 9.24% from the company’s previous close.

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

Atalaya Mining Price Performance

ATYM stock opened at GBX 1,007 on Tuesday. The stock has a 50-day moving average price of GBX 845.95 and a two-hundred day moving average price of GBX 853.50. The stock has a market cap of £1.55 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 1.64 and a debt-to-equity ratio of 2.31. Atalaya Mining has a 1 year low of GBX 481.50 and a 1 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.