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

Atalaya Mining (LON:ATYM) had its price objective hoisted by Berenberg Bank from GBX 1,260 to GBX 1,300 in a report issued on Friday morning,Digital Look reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on ATYM. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Atalaya Mining in a research note on Tuesday, August 11th. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,185 price target on shares of Atalaya Mining in a report on Monday, October 12th. Finally, Royal Bank Of Canada upped their price objective on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, Atalaya Mining has a consensus rating of “Buy” and an average target price of GBX 1,171.25.

Atalaya Mining Stock Down 2.1%

Shares of LON:ATYM opened at GBX 833.50 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.64 and a debt-to-equity ratio of 4.44. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 11.82, a PEG ratio of -2.02 and a beta of 1.49. The business has a 50-day moving average price of GBX 955.50 and a 200 day moving average price of GBX 889.13. Atalaya Mining has a 12-month low of GBX 627.05 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.