Atalaya Mining’s (ATYM) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Atalaya Mining (LON:ATYM) in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a GBX 705 price target on the stock.

Other equities analysts have also issued research reports about the stock. Berenberg Bank raised their price objective on shares of Atalaya Mining from GBX 620 to GBX 630 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Canaccord Genuity Group raised their target price on Atalaya Mining from GBX 580 to GBX 830 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 741.25.

Atalaya Mining Stock Performance

Shares of ATYM opened at GBX 671 on Thursday. The company has a 50-day moving average of GBX 631.56 and a two-hundred day moving average of GBX 520.67. The stock has a market cap of £944.49 million, a price-to-earnings ratio of 13.13, a PEG 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. Atalaya Mining has a one year low of GBX 275.29 and a one year high of GBX 713.

Insider Activity

In related 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 value of £434,000. Insiders own 31.43% of the company’s stock.

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.