Atalaya Mining PLC 47.6% potential upside indicated by Canaccord Genuity

Atalaya Mining PLC with ticker (LON:ATYM) now has a potential upside of 47.6% according to Canaccord Genuity.

ATYM.L

Canaccord Genuity set a target price of 595 GBX for the company, which when compared to the Atalaya Mining PLC share price of 403 GBX at opening today (16/07/2024) indicates a potential upside of 47.6%. Trading has ranged between 281 (52 week low) and 494 (52 week high) with an average of 245,120 shares exchanging hands daily. The market capitalisation at the time of writing is £562,251,136.

Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus-based new European copper company focused on the re-start of production at the Rio Tinto Copper Project. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. The open-pit mine has Ore Reserves totaling approximately 600,000 tones of contained copper and a processing facility.