Atalaya Mining (LON:ATYM - Get Free Report) had its price target boosted by Canaccord Genuity Group from GBX 525 ($7.05) to GBX 590 ($7.92) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 29.67% from the stock's current price.
Separately, Berenberg Bank lifted their price objective on shares of Atalaya Mining from GBX 420 ($5.64) to GBX 500 ($6.71) and gave the company a "hold" rating in a report on Thursday, July 3rd.
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Atalaya Mining Stock Performance
Shares of Atalaya Mining stock traded down GBX 11 ($0.15) during trading on Tuesday, hitting GBX 455 ($6.11). 327,706 shares of the company's stock were exchanged, compared to its average volume of 389,334. 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 business has a 50-day simple moving average of GBX 444.47 and a 200-day simple moving average of GBX 391.64. Atalaya Mining has a 52-week low of GBX 275.29 ($3.70) and a 52-week high of GBX 490 ($6.58). The stock has a market capitalization of £775.45 million, a price-to-earnings ratio of 28.20, a PEG ratio of -2.02 and a beta of 1.64.
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.
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