Atalaya Mining (LON:ATYM) Raised to “Buy” at Berenberg Bank

Atalaya Mining (LON:ATYM) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a GBX 760 price target on the stock, up from their prior price target of GBX 630. Berenberg Bank’s price target points to a potential upside of 11.93% from the stock’s current price.

ATYM has been the subject of a number of other reports. Peel Hunt reiterated a “buy” rating and set a GBX 705 price objective on shares of Atalaya Mining in a research note on Thursday, November 13th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 830 target price on shares of Atalaya Mining in a report on Thursday, November 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 800 price objective on shares of Atalaya Mining in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, Atalaya Mining presently has an average rating of “Buy” and a consensus price target of GBX 773.75.

Atalaya Mining Stock Performance

Shares of ATYM traded up GBX 32 on Wednesday, reaching GBX 679. The company’s stock had a trading volume of 255,273 shares, compared to its average volume of 617,499. The stock’s 50 day simple moving average is GBX 637.49 and its two-hundred day simple moving average is GBX 526.22. 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 stock has a market capitalization of £955.75 million, a P/E ratio of 13.29, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12-month low of GBX 275.29 and a 12-month high of GBX 713.

Insiders Place Their Bets

In other Atalaya Mining news, insider Jesus Fernandez Lopez sold 70,000 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. Corporate insiders own 31.43% of the company’s stock.

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.