Atalaya Mining (LON:ATYM) Given Buy Rating at Peel Hunt

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by equities researchers at Peel Hunt in a report issued on Monday, October 12th, Digital Look reports. They presently have a GBX 1,185 price objective on the stock. Peel Hunt’s price target points to a potential upside of 27.49% from the stock’s current price.

ATYM has been the topic of a number of other reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,180 target price on shares of Atalaya Mining in a research note on Wednesday, August 12th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada lifted their price target on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research report on Monday, July 20th. Four investment 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 target price of GBX 1,161.25.

Atalaya Mining Stock Performance

Shares of LON:ATYM traded down GBX 38.50 during midday trading on Monday, reaching GBX 929.50. 503,789 shares of the company traded hands, compared to its average volume of 2,647,128. The firm’s fifty day moving average price is GBX 1,013.35 and its two-hundred day moving average price is GBX 887.17. The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49. The company has a quick ratio of 1.64, a current ratio of 2.83 and a debt-to-equity ratio of 4.44. Atalaya Mining has a 12 month low of GBX 609.70 and a 12 month high of GBX 1,133.02.

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.