Atalaya Mining PLC with ticker (LON:ATYM) now has a potential upside of 36.3% according to Canaccord Genuity.
Canaccord Genuity set a target price of 580 GBX for the company, which when compared to the Atalaya Mining PLC share price of 426 GBX at opening today (03/05/2024) indicates a potential upside of 36.3%. Trading has ranged between 281 (52 week low) and 460 (52 week high) with an average of 398,928 shares exchanging hands daily. The market capitalisation at the time of writing is £600,261,654.
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.
Atalaya Mining PLC 36.3% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Latest Company News
Atalaya Mining has acquired 4.5 million Lara Exploration shares through a private placement for C$13.5 million, giving it an approximate 7.3% stake. Lara plans to use the proceeds to advance the Planalto copper-gold project in Brazil and for general corporate purposes.
Atalaya Mining delivered copper production at the top end of guidance in 2025, generating €179.8 million in EBITDA and €107.4 million in free cash flow. Lower costs, a stronger balance sheet and a higher full-year dividend of €0.109 per share supported the results.
Atalaya Mining has successfully raised £130 million through an oversubscribed placing and retail offer at £10.00 per share.
Atalaya Mining reported preliminary Q4 2025 operating results, delivering 11,550 tonnes of copper and achieving 51,139 tonnes for the full year, at the upper end of FY2025 guidance.
Atalaya Mining produced 12,123 tonnes of copper in Q3 2025, consistent with full-year guidance of 49,000–52,000 tonnes. The company reported strong plant availability, favourable cost performance, and a robust cash position of €113.8 million, resulting in net cash of €89.7 million.
Gervais Williams, Co-Fund Manager of The Diverse Income Trust plc, discussed Atalaya Mining Copper, SA with DirectorsTalk, highlighting confidence in the company’s outlook.
