Atalaya Mining’s (ATYM) “Buy” Rating Reiterated at Berenberg Bank

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 1,180 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 39.48% from the company’s previous close.

A number of other research analysts have also issued reports on the company. Royal Bank Of Canada reduced their price objective on Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research report on Thursday, April 16th. Canaccord Genuity Group raised their target price on Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the company a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,015.

Atalaya Mining Stock Performance

Shares of LON ATYM opened at GBX 845.98 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 firm’s 50-day moving average price is GBX 818.82 and its two-hundred day moving average price is GBX 852.09. Atalaya Mining has a 52-week low of GBX 440.50 and a 52-week high of GBX 1,094. The stock has a market capitalization of £1.30 billion, a P/E ratio of 15.16, a P/E/G ratio of -2.02 and a beta of 1.48.

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.