Atalaya Mining (LON:ATYM) Stock Price Target Raised at Berenberg Bank

Atalaya Mining (LON:ATYM) had its target price raised by investment analysts at Berenberg Bank from GBX 1,260 to GBX 1,300 in a research note issued on Friday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank‘s target price indicates a potential upside of 55.13% from the company’s current price.

A number of other brokerages also recently issued reports on ATYM. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,185 price objective on shares of Atalaya Mining in a report on Monday, October 12th. Finally, Royal Bank Of Canada upped their price target 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. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,171.25.

Atalaya Mining Price Performance

ATYM stock opened at GBX 838 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’s fifty day moving average price is GBX 959.72 and its 200-day moving average price is GBX 890.33. Atalaya Mining has a one year low of GBX 627.05 and a one year high of GBX 1,133.02. The company has a market capitalization of £1.29 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49.

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.