Peel Hunt Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a report released on Monday, Digital Look reports. They presently have a GBX 1,185 price objective on the stock. Peel Hunt’s target price indicates a potential upside of 11.27% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Berenberg Bank restated a “buy” rating and issued a GBX 1,180 price target on shares of Atalaya Mining in a research report on Wednesday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada increased their price objective on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,141.25.

Atalaya Mining Price Performance

ATYM stock opened at GBX 1,065 on Monday. Atalaya Mining has a 12 month low of GBX 609.70 and a 12 month high of GBX 1,133.02. The firm has a market cap of £1.64 billion, a PE ratio of 15.11, a P/E/G ratio of -2.02 and a beta of 1.49. The firm has a 50 day simple moving average of GBX 1,011.48 and a 200 day simple moving average of GBX 880.93. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio 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. 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.