Royal Bank Of Canada Forecasts Strong Price Appreciation for Atalaya Mining (LON:ATYM) Stock

Atalaya Mining (LON:ATYM) had its price objective upped by stock analysts at Royal Bank Of Canada from GBX 1,000 to GBX 1,075 in a report issued on Thursday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 14.61% from the company’s previous close.

A number of other analysts also recently weighed in on ATYM. Berenberg Bank boosted their target price on shares of Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Peel Hunt reissued a “buy” rating and set a GBX 705 price objective on shares of Atalaya Mining in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 830 price objective on shares of Atalaya Mining in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 902.50.

Atalaya Mining Stock Down 1.9%

LON ATYM opened at GBX 938 on Thursday. The stock has a 50 day moving average price of GBX 796.12 and a 200-day moving average price of GBX 644.17. Atalaya Mining has a one year low of GBX 275.29 and a one year high of GBX 974. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53. The company has a market capitalization of £1.32 billion, a P/E ratio of 16.54, a P/E/G ratio of -2.02 and a beta of 1.64.

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.