Atalaya Mining (LON:ATYM) Reaches New 1-Year High Following Analyst Upgrade

Shares of Atalaya Mining Plc (LON:ATYM) reached a new 52-week high during trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 930 to GBX 1,000. Berenberg Bank currently has a buy rating on the stock. Atalaya Mining traded as high as GBX 939 and last traded at GBX 933, with a volume of 551740 shares. The stock had previously closed at GBX 927.

A number of other brokerages have also weighed in on ATYM. Royal Bank Of Canada restated an “outperform” rating and set a GBX 800 price target on shares of Atalaya Mining in a research note on Friday, November 14th. Peel Hunt reiterated a “buy” rating and issued a GBX 705 target price on shares of Atalaya Mining in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 830 price target on shares of Atalaya Mining in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 833.75.

Atalaya Mining Stock Down 1.4%

The firm has a 50-day moving average price of GBX 781.33 and a two-hundred day moving average price of GBX 632.88. The firm has a market cap of £1.29 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53.

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.