Atalaya Mining (LON:ATYM) had its price objective lifted by stock analysts at Canaccord Genuity from GBX 260 ($3.65) to GBX 290 ($4.07) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price indicates a potential upside of 52.63% from the company’s current price.
Several other research analysts also recently weighed in on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 255 ($3.58) target price on shares of Atalaya Mining in a research note on Monday, January 22nd. FinnCap reaffirmed a “buy” rating and set a GBX 235 ($3.30) target price on shares of Atalaya Mining in a research note on Thursday, October 12th.
Atalaya Mining (LON ATYM) traded up GBX 2.50 ($0.04) during trading on Friday, reaching GBX 190 ($2.67). The company’s stock had a trading volume of 140,198 shares, compared to its average volume of 63,023. Atalaya Mining has a 1-year low of GBX 111 ($1.56) and a 1-year high of £164 ($230.30). The stock has a market cap of $254.07 and a price-to-earnings ratio of 760.00.
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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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