Berenberg Bank Reiterates Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,180 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 39.48% from the company’s current price.

Several other equities analysts have also weighed in on ATYM. Royal Bank Of Canada reduced their price objective on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research report on Thursday, April 16th. Canaccord Genuity Group increased their target price on shares of Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the company a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,015.

Atalaya Mining Price Performance

LON:ATYM opened at GBX 845.98 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 3.20 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is GBX 818.82 and its 200 day moving average price is GBX 852.09. Atalaya Mining has a 52-week low of GBX 440.50 and a 52-week high of GBX 1,094. The firm has a market cap of £1.30 billion, a P/E ratio of 15.16, a PEG ratio of -2.02 and a beta of 1.48.

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. 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.