Atalaya Mining (LON:ATYM) Stock Keeps Buy Rating at Berenberg Bank

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued to clients and investors on Friday, Digital Look reports. They presently have a GBX 1,260 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 34.04% from the stock’s previous close.

ATYM has been the topic of several other research reports. Royal Bank Of Canada upped their target price on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Peel Hunt reissued a “buy” rating and set a GBX 1,185 price target on shares of Atalaya Mining in a research report on Monday, October 12th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,100 price target on shares of Atalaya Mining in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Atalaya Mining presently has a consensus rating of “Buy” and an average target price of GBX 1,161.25.

Atalaya Mining Stock Down 2.9%

ATYM stock opened at GBX 940 on Friday. Atalaya Mining has a fifty-two week low of GBX 609.70 and a fifty-two week high of GBX 1,133.02. The company has a market capitalization of £1.45 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49. The business’s 50 day moving average price is GBX 1,013.35 and its two-hundred day moving average price is GBX 887.17. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.64 and a current ratio of 2.83.

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.