Berenberg Bank Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,260 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 30.17% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Peel Hunt reissued a “buy” rating and issued a GBX 1,185 target price on shares of Atalaya Mining in a research report on Monday, October 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their price target on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Atalaya Mining currently has an average rating of “Buy” and a consensus target price of GBX 1,161.25.

Atalaya Mining Price Performance

LON ATYM opened at GBX 968 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.64 and a debt-to-equity ratio of 4.44. 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 market cap of £1.49 billion, a PE ratio of 13.73, a PEG ratio of -2.02 and a beta of 1.49. The stock’s 50-day moving average price is GBX 1,013.35 and its two-hundred day moving average price is GBX 887.17.

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.