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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They currently have a GBX 1,260 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 30.17% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada boosted their price objective 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 reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,185 target price on shares of Atalaya Mining in a report on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Atalaya Mining has an average rating of “Buy” and a consensus price target of GBX 1,161.25.

Atalaya Mining Stock Performance

Atalaya Mining stock opened at GBX 968 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.83 and a debt-to-equity ratio of 4.44. The stock has a market cap of £1.49 billion, a PE ratio of 13.73, a P/E/G ratio of -2.02 and a beta of 1.49. Atalaya Mining has a 12-month low of GBX 609.70 and a 12-month high of GBX 1,133.02. The business’s 50-day moving average price is GBX 1,013.35 and its two-hundred day moving average price is GBX 885.77.

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.