Berenberg Bank Cuts Atalaya Mining (LON:ATYM) Price Target to GBX 1,210

Atalaya Mining (LON:ATYM) had its target price trimmed by Berenberg Bank from GBX 1,270 to GBX 1,210 in a research note released on Friday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently commented on ATYM. Royal Bank Of Canada increased their price target on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,090 target price on shares of Atalaya Mining in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 1,020.

Atalaya Mining Price Performance

Shares of ATYM stock opened at GBX 692 on Friday. The company has a market capitalization of £1.06 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of -2.02 and a beta of 1.73. The firm has a fifty day simple moving average of GBX 943.19 and a 200-day simple moving average of GBX 780.30. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 8.28. Atalaya Mining has a twelve month low of GBX 275.29 and a twelve month high of GBX 1,094.

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.