Atalaya Mining’s (ATYM) Outperform Rating Reaffirmed at Royal Bank Of Canada

Atalaya Mining (LON:ATYM)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Friday, Marketbeat Ratings reports. They presently have a GBX 800 price target on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 20.66% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 830 price target on shares of Atalaya Mining in a research report on Thursday. Peel Hunt reiterated a “buy” rating and set a GBX 705 target price on shares of Atalaya Mining in a research report on Thursday. Finally, Berenberg Bank boosted their target price on Atalaya Mining from GBX 620 to GBX 630 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 741.25.

Atalaya Mining Stock Performance

LON:ATYM traded down GBX 26 during mid-day trading on Friday, hitting GBX 663. The stock had a trading volume of 478,600 shares, compared to its average volume of 591,738. Atalaya Mining has a 52 week low of GBX 275.29 and a 52 week high of GBX 713. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The stock has a market capitalization of £933.23 million, a price-to-earnings ratio of 12.97, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a 50 day simple moving average of GBX 628.96 and a 200-day simple moving average of GBX 517.71.

Insider Activity at Atalaya Mining

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is owned by corporate 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.