Berenberg Bank Reaffirms “Hold” Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “hold” rating restated by research analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat.com reports. They currently have a GBX 420 ($5.46) target price on the stock. Berenberg Bank’s target price points to a potential upside of 15.54% from the company’s previous close.

Separately, Canaccord Genuity Group lowered their price target on Atalaya Mining from GBX 555 ($7.22) to GBX 520 ($6.76) and set a “buy” rating on the stock in a report on Wednesday.

Atalaya Mining Trading Down 3.3 %

LON:ATYM opened at GBX 363.50 ($4.73) on Tuesday. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The company’s 50-day simple moving average is GBX 367.95 and its 200 day simple moving average is GBX 366.38. Atalaya Mining has a one year low of GBX 322.50 ($4.19) and a one year high of GBX 493.50 ($6.42). The firm has a market capitalization of £619.50 million, a P/E ratio of 22.53, a PEG ratio of -2.02 and a beta of 1.64.

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.