Royal Bank Of Canada Cuts Atalaya Mining (LON:ATYM) Price Target to GBX 1,075

Atalaya Mining (LON:ATYM) had its price target decreased by Royal Bank Of Canada from GBX 1,125 to GBX 1,075 in a report released on Thursday,Digital Look reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank restated a “buy” rating and set a GBX 950 price target on shares of Atalaya Mining in a report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,090 price objective on shares of Atalaya Mining in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 955.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 821 on Thursday. The stock’s 50 day moving average is GBX 853.60 and its 200 day moving average is GBX 804.51. Atalaya Mining has a one year low of GBX 347 and a one year high of GBX 1,094. The firm has a market cap of £1.26 billion, a P/E ratio of 14.08, a P/E/G ratio of -2.02 and a beta of 1.52. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.64 and a quick ratio of 1.64.

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.