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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Friday, Digital Look reports. They presently have a GBX 1,260 target price on the stock. Berenberg Bank’s target price suggests a potential upside of 29.10% from the stock’s previous close.

A number of other brokerages have also recently commented on ATYM. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,100 price objective on shares of Atalaya Mining in a research note on Tuesday, August 11th. Royal Bank Of Canada increased their target price on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,185 target price on shares of Atalaya Mining in a research note on Monday. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Atalaya Mining currently has a consensus rating of “Buy” and an average price target of GBX 1,161.25.

Atalaya Mining Stock Down 1.2%

Shares of Atalaya Mining stock opened at GBX 976 on Friday. The company has a fifty day moving average price of GBX 1,013.36 and a 200 day moving average price of GBX 885.19. 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 twelve month low of GBX 609.70 and a twelve month high of GBX 1,133.02. The stock has a market cap of £1.50 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49.

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.