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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They presently have a GBX 1,260 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 33.55% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 1,185 price objective on shares of Atalaya Mining in a research report on Monday, October 12th. Royal Bank Of Canada increased 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 restated a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,161.25.

Atalaya Mining Trading Down 2.5%

Shares of Atalaya Mining stock opened at GBX 943.50 on Friday. Atalaya Mining has a 1 year low of GBX 609.70 and a 1 year high of GBX 1,133.02. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. The business has a 50 day moving average price of GBX 1,013.35 and a 200 day moving average price of GBX 887.17. The company has a market capitalization of £1.45 billion, a P/E ratio of 13.38, a P/E/G ratio of -2.02 and a beta of 1.49.

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.