Atalaya Mining (LON:ATYM) Earns “Buy” Rating from Berenberg Bank

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 1,260 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 30.17% from the company’s current price.

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

Atalaya Mining Stock Performance

LON ATYM traded down GBX 20 during mid-day trading on Friday, reaching GBX 968. 449,372 shares of the stock were exchanged, compared to its average volume of 2,657,792. The company has a market capitalization of £1.49 billion, a P/E ratio of 13.73, a P/E/G ratio of -2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.64 and a current ratio of 2.83. The business’s 50 day moving average is GBX 1,013.36 and its 200-day moving average is GBX 885.19. Atalaya Mining has a 1 year low of GBX 609.70 and a 1 year high of GBX 1,133.02.

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.