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 report report published on Wednesday,Digital Look reports. The firm currently has a GBX 1,180 price target on the stock.

Several other research analysts also recently commented on ATYM. Royal Bank Of Canada lifted 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. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Atalaya Mining currently has an average rating of “Buy” and an average target price of GBX 1,021.25.

Atalaya Mining Price Performance

Shares of Atalaya Mining stock opened at GBX 917 on Wednesday. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. Atalaya Mining has a one year low of GBX 481.50 and a one year high of GBX 1,094. The business’s 50 day simple moving average is GBX 854.30 and its two-hundred day simple moving average is GBX 853.81. The stock has a market capitalization of £1.41 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49.

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.