Royal Bank Of Canada Reaffirms Outperform Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a report released on Friday, MarketBeat Ratings reports. They presently have a GBX 800 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 20.66% from the company’s previous close.

A number of other research analysts have also weighed in on ATYM. Berenberg Bank upped their price objective on Atalaya Mining from GBX 620 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Peel Hunt restated a “buy” rating and issued a GBX 705 target price on shares of Atalaya Mining in a report on Thursday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 830 price target on shares of Atalaya Mining in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Atalaya Mining has a consensus rating of “Buy” and a consensus target price of GBX 741.25.

Atalaya Mining Price Performance

Shares of Atalaya Mining stock traded down GBX 26 during trading hours on Friday, reaching GBX 663. 478,600 shares of the company’s stock were exchanged, compared to its average volume of 591,738. The company has a market capitalization of £933.23 million, a P/E ratio of 12.97, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The business has a fifty day moving average of GBX 628.96 and a two-hundred day moving average of GBX 517.71. Atalaya Mining has a 1 year low of GBX 275.29 and a 1 year high of GBX 713. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

Insider Buying and Selling at Atalaya Mining

In other Atalaya Mining news, insider Jesus Fernandez Lopez sold 70,000 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is currently owned by corporate insiders.

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.