Atalaya Mining PLC with ticker (LON:ATYM) now has a potential upside of 63.5% according to Canaccord Genuity.
ATYM.L
Canaccord Genuity set a target price of 555 GBX for the company, which when compared to the Atalaya Mining PLC share price of 340 GBX at opening today (25/11/2024) indicates a potential upside of 63.5%. Trading has ranged between 306 (52 week low) and 494 (52 week high) with an average of 219,459 shares exchanging hands daily. The market capitalisation at the time of writing is £505,535,371.
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 63.5% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Latest Company News
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.
Atalaya Mining has posted record quarterly and half-year EBITDA for the period ended 30 June 2025, driven by higher copper grades and strong operational performance. Copper production reached 27,466 tonnes in H1 2025, with all-in sustaining costs reduced to US$2.78/lb.
Atalaya Mining delivered 13,175 t of copper in Q2 2025 at Riotinto, driven by higher grades of 0.43 % and processing 4.0 Mt of ore, with on-site cash rising to €103 m and net cash of €70.1 m at 30 June.
Atalaya Mining reports standout drill results at Proyecto Masa Valverde, with intercepts including 25 m at 2.93 % Cu and 26 m at 2.78 % Cu (incl. 10 m at 4.39 %).
Atalaya Mining Copper, S.A. reports strong Q1 2025 results, showcasing record copper production, remarkable EBITDA growth, and a robust financial position.
