Peel Hunt Reaffirms “Buy” Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research report issued on Monday, Digital Look reports. They presently have a GBX 1,185 target price on the stock. Peel Hunt’s price target points to a potential upside of 10.13% from the stock’s previous close.

Several other brokerages have also issued reports on ATYM. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,180 target price on shares of Atalaya Mining in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their price objective on 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. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 1,100 price target on shares of Atalaya Mining in a report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 1,141.25.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 1,076 on Monday. The company has a market capitalization of £1.65 billion, a PE ratio of 15.26, a P/E/G ratio of -2.02 and a beta of 1.49. 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 stock has a 50-day moving average price of GBX 1,008.37 and a two-hundred day moving average price of GBX 878.57. Atalaya Mining has a 12 month low of GBX 609.70 and a 12 month high of GBX 1,133.02.

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. 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.