Atalaya Mining (LON:ATYM) Price Target Raised to GBX 830

Atalaya Mining (LON:ATYM) had its price objective raised by Canaccord Genuity Group from GBX 580 to GBX 830 in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank upped their price objective on shares of Atalaya Mining from GBX 620 to GBX 630 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atalaya Mining currently has an average rating of “Buy” and an average price target of GBX 671.67.

Atalaya Mining Stock Performance

LON ATYM opened at GBX 691 on Tuesday. The stock has a market capitalization of £972.64 million, a PE ratio of 13.52, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The company’s 50 day simple moving average is GBX 612.48 and its two-hundred day simple moving average is GBX 506.40. Atalaya Mining has a 1 year low of GBX 275.29 and a 1 year high of GBX 705.

Insider Activity at Atalaya Mining

In other news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total value of £434,000. Corporate insiders own 31.43% of the company’s stock.

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.