Atalaya Mining (LON:ATYM – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 1,090 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 33.50% from the stock’s current price.
A number of other analysts have also weighed in on ATYM. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price target on shares of Atalaya Mining in a research note on Wednesday, April 15th. Royal Bank Of Canada reduced their price target on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research note on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Atalaya Mining has a consensus rating of “Moderate Buy” and a consensus target price of GBX 955.
Read Our Latest Stock Report on ATYM
Atalaya Mining Trading Up 3.4%
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. 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.
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