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

Berenberg Bank reissued their buy rating on shares of Atalaya Mining (LON:ATYM) in a research note published on Friday,Digital Look reports. They currently have a GBX 1,260 price objective on the stock.

Several other analysts also recently issued reports on the company. Peel Hunt reissued a “buy” rating and set a GBX 1,185 target price on shares of Atalaya Mining in a research note on Monday, October 12th. Royal Bank Of Canada upped their price target on 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. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,100 price objective on shares of Atalaya Mining in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,161.25.

Atalaya Mining Stock Performance

LON:ATYM opened at GBX 968 on Friday. Atalaya Mining has a 52-week low of GBX 609.70 and a 52-week high of GBX 1,133.02. The firm has a market cap of £1.49 billion, a price-to-earnings ratio of 13.73, a PEG ratio of -2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.64 and a current ratio of 2.83. The business’s fifty day moving average is GBX 1,013.35 and its 200 day moving average is GBX 887.17.

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.