Atalaya Mining (LON:ATYM) Price Target Cut to GBX 1,210 by Analysts at Berenberg Bank

Atalaya Mining (LON:ATYM) had its target price cut by Berenberg Bank from GBX 1,270 to GBX 1,210 in a research report sent to investors on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Royal Bank Of Canada increased their target price on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,090 price target on shares of Atalaya Mining in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 1,020.

Atalaya Mining Stock Down 2.8%

Shares of LON:ATYM opened at GBX 692 on Friday. The company’s fifty day moving average is GBX 943.19 and its two-hundred day moving average is GBX 776.76. The company has a debt-to-equity ratio of 8.28, a quick ratio of 1.64 and a current ratio of 1.64. Atalaya Mining has a 1-year low of GBX 275.29 and a 1-year high of GBX 1,094. The stock has a market capitalization of £1.06 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of -2.02 and a beta of 1.73.

About Atalaya Mining

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. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.