Atalaya Mining’s (ATYM) “Buy” Rating Reaffirmed at Berenberg Bank

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,180 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 24.80% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada upped their price objective on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Monday, July 20th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,021.25.

Atalaya Mining Price Performance

Shares of Atalaya Mining stock opened at GBX 945.50 on Wednesday. The firm has a market cap of £1.45 billion, a PE ratio of 16.94, a PEG ratio of -2.02 and a beta of 1.49. The stock has a 50 day moving average of GBX 848.40 and a 200 day moving average of GBX 853.85. The company has a current ratio of 3.20, a quick ratio of 1.64 and a debt-to-equity ratio of 2.31. Atalaya Mining has a 12 month low of GBX 481.50 and a 12 month high of GBX 1,094.

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.