Canaccord Genuity Reaffirms Buy Rating for Atalaya Mining PLC (ATYM)
Atalaya Mining PLC (LON:ATYM)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a report issued on Thursday. They presently have a GBX 270 ($3.55) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 60.24% from the stock’s previous close.
Several other brokerages also recently weighed in on ATYM. Peel Hunt reiterated a “buy” rating and issued a GBX 245 ($3.22) price objective on shares of Atalaya Mining PLC in a research report on Friday, July 28th. FinnCap reiterated a “buy” rating and issued a GBX 195 ($2.56) price objective on shares of Atalaya Mining PLC in a research report on Monday, July 31st.
Shares of Atalaya Mining PLC (LON:ATYM) traded up 3.86% during midday trading on Thursday, hitting GBX 175.00. 66,351 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 165.63 and a 200-day moving average price of GBX 138.79. Atalaya Mining PLC has a 12-month low of GBX 76.00 and a 12-month high of GBX 16,400.00. The company’s market cap is GBX 204.19 million.
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Atalaya Mining PLC Company Profile
Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus-based new European copper company focused on the re-start of production at the Rio Tinto Copper Project. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt.
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