Canaccord Genuity Group Reiterates Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a GBX 1,090 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 57.51% from the company’s previous close.

A number of other brokerages have also weighed in on ATYM. Royal Bank Of Canada boosted their price target on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Berenberg Bank lifted their target price on shares of Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atalaya Mining has a consensus rating of “Buy” and an average target price of GBX 1,020.

Atalaya Mining Trading Down 2.8%

Shares of LON:ATYM opened at GBX 692 on Thursday. The business’s 50-day moving average is GBX 943.19 and its 200 day moving average is GBX 776.76. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.64 and a quick ratio of 1.64. Atalaya Mining has a 1 year low of GBX 275.29 and a 1 year high of GBX 1,094. The firm has a market capitalization of £1.06 billion, a P/E ratio of 12.20, a P/E/G ratio of -2.02 and a beta of 1.73.

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.