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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,180 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 24.80% from the stock’s previous close.

Several other research firms have also issued reports on ATYM. Royal Bank Of Canada raised 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 report on Monday, July 20th. Canaccord Genuity Group reiterated a “buy” rating and set 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, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 1,021.25.

Atalaya Mining Stock Down 4.9%

LON ATYM opened at GBX 945.50 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 3.20 and a debt-to-equity ratio of 2.31. The company has a fifty day moving average of GBX 848.40 and a two-hundred day moving average of GBX 853.85. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 16.94, a PEG ratio of -2.02 and a beta of 1.49. Atalaya Mining has a 52 week low of GBX 481.50 and a 52 week high of GBX 1,094.

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.