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

Canaccord Genuity Group reissued their buy rating on shares of Atalaya Mining (LON:ATYM – Free Report) in a report issued on Tuesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 1,100 price objective on the stock.

Several other equities research analysts have also commented on the company. Berenberg Bank restated a “buy” rating and issued a GBX 1,180 price objective on shares of Atalaya Mining in a research report on Wednesday, July 15th. Royal Bank Of Canada increased their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 1,021.25.

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Atalaya Mining Trading Down 3.2%

LON ATYM opened at GBX 926.86 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.64 and a debt-to-equity ratio of 4.44. Atalaya Mining has a 12-month low of GBX 481.50 and a 12-month high of GBX 1,094. The stock has a market cap of £1.43 billion, a P/E ratio of 16.61, a P/E/G ratio of -2.02 and a beta of 1.49. The company has a fifty day simple moving average of GBX 851.72 and a two-hundred day simple moving average of GBX 853.37.

Atalaya Mining Company Profile

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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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