Berenberg Bank Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Friday, Digital Look reports. They currently have a GBX 1,260 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 29.94% from the company’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of 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. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,185 target price on shares of Atalaya Mining in a research report on Monday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 1,161.25.

Atalaya Mining Stock Down 1.9%

Shares of LON:ATYM opened at GBX 969.70 on Friday. 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 company has a market cap of £1.49 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49. Atalaya Mining has a 52 week low of GBX 609.70 and a 52 week high of GBX 1,133.02. The firm has a 50 day simple moving average of GBX 1,013.36 and a 200 day simple moving average of GBX 885.19.

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.