Atalaya Mining (LON:ATYM) Price Target Raised to GBX 620

Atalaya Mining (LON:ATYM) had its price target lifted by Berenberg Bank from GBX 510 to GBX 620 in a research note released on Tuesday, MarketBeat reports. They currently have a hold rating on the stock.

Separately, Canaccord Genuity Group reduced their price target on shares of Atalaya Mining from GBX 590 to GBX 580 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Atalaya Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 585.

Atalaya Mining Trading Up 1.8%

Shares of ATYM opened at GBX 668 on Tuesday. The company’s fifty day moving average is GBX 547.25 and its 200 day moving average is GBX 460.92. Atalaya Mining has a fifty-two week low of GBX 275.29 and a fifty-two week high of GBX 672. The stock has a market capitalization of £940.27 million, a PE ratio of 1,307.24, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53.

Insider Buying and Selling

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