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

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,180 price target on the stock. Berenberg Bank’s price target suggests a potential upside of 41.23% from the company’s previous close.

Several other brokerages have also commented on ATYM. Royal Bank Of Canada decreased their price objective on shares of Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Canaccord Genuity Group boosted their target price on Atalaya Mining from GBX 1,090 to GBX 1,100 and gave the company a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,015.

Atalaya Mining Price Performance

Shares of ATYM opened at GBX 835.50 on Wednesday. Atalaya Mining has a 1-year low of GBX 440.50 and a 1-year high of GBX 1,094. The stock has a market cap of £1.28 billion, a PE ratio of 14.97, a P/E/G ratio of -2.02 and a beta of 1.48. The firm has a 50-day simple moving average of GBX 820.46 and a two-hundred day simple moving average of GBX 852.45. The company has a debt-to-equity ratio of 2.31, a current ratio of 3.20 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.