Atalaya Mining (LON:ATYM) Stock Rating Reaffirmed as Buy by Peel Hunt

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a research report issued on Monday, Digital Look reports. They presently have a GBX 1,185 price target on the stock. Peel Hunt’s price target would suggest a potential upside of 11.27% from the company’s previous close.

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

Atalaya Mining Trading Down 0.9%

Shares of Atalaya Mining stock opened at GBX 1,065 on Monday. Atalaya Mining has a 1 year low of GBX 609.70 and a 1 year high of GBX 1,133.02. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. The business has a 50 day moving average price of GBX 1,011.48 and a 200 day moving average price of GBX 880.93. The company has a market capitalization of £1.64 billion, a P/E ratio of 15.11, a P/E/G 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.