Berenberg Bank Boosts Atalaya Mining (LON:ATYM) Price Target to GBX 1,000

Atalaya Mining (LON:ATYM) had its target price lifted by equities researchers at Berenberg Bank from GBX 930 to GBX 1,000 in a note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 7.18% from the stock’s current price.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 800 target price on shares of Atalaya Mining in a report on Friday, November 14th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 830 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 705 price objective on shares of Atalaya Mining in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 833.75.

Atalaya Mining Stock Performance

LON ATYM opened at GBX 933 on Wednesday. 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 1-year low of GBX 275.29 and a 1-year high of GBX 946. The business has a 50 day simple moving average of GBX 776.73 and a two-hundred day simple moving average of GBX 629.64. The stock has a market capitalization of £1.31 billion, a PE ratio of 16.46, a P/E/G ratio of -2.02 and a beta of 1.64.

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.