Berenberg Bank Forecasts Strong Price Appreciation for Atalaya Mining (LON:ATYM) Stock

Atalaya Mining (LON:ATYM) had its price target upped by stock analysts at Berenberg Bank from GBX 950 to GBX 980 in a research report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 18.43% from the company’s previous close.

ATYM has been the topic of several other research reports. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,090 price target on shares of Atalaya Mining in a research note on Tuesday. Royal Bank Of Canada dropped their price target on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating on the stock in a research note on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 962.50.

Atalaya Mining Trading Up 1.4%

Shares of LON:ATYM opened at GBX 827.50 on Wednesday. The company has a market cap of £1.27 billion, a PE ratio of 14.19, a P/E/G ratio of -2.02 and a beta of 1.49. The company’s 50-day moving average price is GBX 774.01 and its 200 day moving average price is GBX 829.66. Atalaya Mining has a fifty-two week low of GBX 395 and a fifty-two week high of GBX 1,094. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 8.28.

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.