Berenberg Bank Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 950 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 20.79% from the stock’s previous close.

A number of other brokerages have also issued reports on ATYM. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,090 price objective on shares of Atalaya Mining in a report on Thursday, March 19th. Royal Bank Of Canada raised their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Atalaya Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 955.

Atalaya Mining Stock Down 1.4%

Shares of LON ATYM opened at GBX 786.50 on Wednesday. The company has a 50 day simple moving average of GBX 855.62 and a 200 day simple moving average of GBX 801.95. The firm has a market cap of £1.21 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of -2.02 and a beta of 1.52. Atalaya Mining has a 1 year low of GBX 347 and a 1 year high of GBX 1,094. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.64 and a quick ratio 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.