Atalaya Mining (LON:ATYM) Upgraded to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Atalaya Mining (LON:ATYM) to a buy rating in a report released on Wednesday morning,London Stock Exchange reports. They currently have GBX 760 target price on the stock, up from their previous target price of GBX 630.

A number of other equities analysts have also issued reports on ATYM. Peel Hunt reiterated a “buy” rating and set a GBX 705 target price on shares of Atalaya Mining in a research report on Thursday, November 13th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 800 price objective on shares of Atalaya Mining in a research report on Friday, November 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 830 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atalaya Mining presently has an average rating of “Buy” and a consensus target price of GBX 773.75.

Atalaya Mining Price Performance

Shares of ATYM stock traded up GBX 32 during trading hours on Wednesday, hitting GBX 679. 255,273 shares of the company’s stock were exchanged, compared to its average volume of 617,499. Atalaya Mining has a 52 week low of GBX 275.29 and a 52 week high of GBX 713. The stock has a market cap of £955.75 million, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The stock’s 50-day moving average is GBX 637.49 and its 200-day moving average is GBX 526.22.

Insiders Place Their Bets

In other Atalaya Mining news, insider Jesus Fernandez Lopez sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total value of £434,000. 31.43% of the stock is owned by corporate insiders.

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.