Berenberg Bank Issues Pessimistic Forecast for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price target dropped by investment analysts at Berenberg Bank from GBX 1,270 to GBX 1,210 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 74.86% from the stock’s previous close.

ATYM has been the topic of several other research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,090 price target on shares of Atalaya Mining in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,020.

Atalaya Mining Stock Performance

Shares of LON ATYM opened at GBX 692 on Friday. The business has a fifty day simple moving average of GBX 943.19 and a 200 day simple moving average of GBX 778.56. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 8.28. The firm has a market capitalization of £1.06 billion, a price-to-earnings ratio of 12.20, a PEG ratio of -2.02 and a beta of 1.73. Atalaya Mining has a one year low of GBX 275.29 and a one year high of GBX 1,094.

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.