Atalaya Mining (LON:ATYM) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Atalaya Mining (LON:ATYM) had its price target raised by research analysts at Canaccord Genuity Group from GBX 580 to GBX 830 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 22.96% from the company’s previous close.

Separately, Berenberg Bank increased their price objective on shares of Atalaya Mining from GBX 620 to GBX 630 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Atalaya Mining presently has a consensus rating of “Buy” and an average target price of GBX 671.67.

Atalaya Mining Stock Up 1.7%

ATYM traded up GBX 11 during trading hours on Tuesday, reaching GBX 675. 352,450 shares of the stock traded hands, compared to its average volume of 590,944. The firm’s fifty day simple moving average is GBX 602.94 and its two-hundred day simple moving average is GBX 501.63. The company has a market cap of £950.12 million, a price-to-earnings ratio of 13.21, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a fifty-two week low of GBX 275.29 and a fifty-two week high of GBX 684. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64.

Insider Buying and Selling at Atalaya Mining

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total value of £434,000. 31.43% of the stock is currently owned by company insiders.

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.