Royal Bank Of Canada Forecasts Strong Price Appreciation for Atalaya Mining (LON:ATYM) Stock

Atalaya Mining (LON:ATYM) had its price target hoisted by research analysts at Royal Bank Of Canada from GBX 1,000 to GBX 1,100 in a research report issued on Monday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 24.86% from the stock’s previous close.

A number of other research firms have also recently weighed in on ATYM. Canaccord Genuity Group lifted their price objective on Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,180 target price on shares of Atalaya Mining in a report on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,021.25.

Atalaya Mining Stock Performance

LON:ATYM opened at GBX 881 on Monday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.64 and a current ratio of 3.20. The stock has a 50-day simple moving average of GBX 820.23 and a two-hundred day simple moving average of GBX 852.20. The firm has a market capitalization of £1.35 billion, a PE ratio of 15.79, a P/E/G ratio of -2.02 and a beta of 1.48. Atalaya Mining has a 52-week low of GBX 440.50 and a 52-week high of GBX 1,094.

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.