Atalaya Mining (LON:ATYM) Price Target Raised to GBX 525 at Canaccord Genuity Group

Atalaya Mining (LON:ATYM) had its target price upped by Canaccord Genuity Group from GBX 520 ($6.88) to GBX 525 ($6.95) in a research report report published on Tuesday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 420 ($5.56) price objective on shares of Atalaya Mining in a research report on Tuesday, March 18th.

Atalaya Mining Stock Up 10.1 %

Shares of LON ATYM opened at GBX 366.50 ($4.85) on Tuesday. Atalaya Mining has a 52-week low of GBX 275.29 ($3.64) and a 52-week high of GBX 493.50 ($6.53). The stock has a market capitalization of £624.62 million, a PE ratio of 22.72, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The firm has a fifty day moving average of GBX 360.98 and a 200-day moving average of GBX 361.38.

Atalaya Mining Company Profile

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.