Royal Bank Of Canada Increases Atalaya Mining (LON:ATYM) Price Target to GBX 1,075

Atalaya Mining (LON:ATYM) had its price objective increased by Royal Bank Of Canada from GBX 1,000 to GBX 1,075 in a report issued on Thursday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 9.59% from the stock’s current price.

Several other research firms have also recently weighed in on ATYM. Berenberg Bank lifted their price target on Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 830 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 705 target price on shares of Atalaya Mining in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atalaya Mining has an average rating of “Buy” and an average price target of GBX 902.50.

Atalaya Mining Trading Up 2.6%

Shares of ATYM stock opened at GBX 980.96 on Thursday. Atalaya Mining has a 12-month low of GBX 275.29 and a 12-month high of GBX 989. The company has a market capitalization of £1.38 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The firm has a 50 day moving average price of GBX 807.66 and a two-hundred day moving average price of GBX 649.98. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

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. 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.