Atalaya Mining’s (ATYM) Buy Rating Reiterated at Canaccord Genuity Group

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 1,090 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 33.50% from the stock’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada dropped their target price on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 target price on shares of Atalaya Mining in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Atalaya Mining has a consensus rating of “Moderate Buy” and an average price target of GBX 955.

Atalaya Mining Stock Up 3.4%

LON ATYM opened at GBX 816.50 on Tuesday. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.64 and a quick ratio of 1.64. The company’s 50 day simple moving average is GBX 774.53 and its 200 day simple moving average is GBX 828.76. Atalaya Mining has a 12 month low of GBX 395 and a 12 month high of GBX 1,094. The company has a market capitalization of £1.26 billion, a P/E ratio of 14.01, a PEG ratio of -2.02 and a beta of 1.49.

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.