Atalaya Mining (LON:ATYM) Price Target Raised to GBX 1,000

Atalaya Mining (LON:ATYM) had its price target upped by Berenberg Bank from GBX 930 to GBX 1,000 in a research note published on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Peel Hunt reissued a “buy” rating and set a GBX 705 price objective on shares of Atalaya Mining in a report on Thursday, November 13th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 800 price target on shares of Atalaya Mining in a research note on Friday, November 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 830 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 stock presently has an average rating of “Buy” and an average price target of GBX 833.75.

Atalaya Mining Trading Down 1.4%

LON ATYM opened at GBX 920 on Wednesday. The stock has a market capitalization of £1.29 billion, a P/E ratio of 16.23, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a one year low of GBX 275.29 and a one year high of GBX 946. The business has a 50 day simple moving average of GBX 781.33 and a 200 day simple moving average of GBX 632.88. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64.

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.