Berenberg Bank Reiterates “Hold” Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 410 ($5.19) price objective on the stock. Berenberg Bank’s target price suggests a potential downside of 4.76% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 530 ($6.71) price objective on shares of Atalaya Mining in a report on Thursday.

Atalaya Mining Stock Performance

ATYM opened at GBX 430.50 ($5.45) on Thursday. The business has a 50 day moving average price of GBX 356.94 and a two-hundred day moving average price of GBX 333.90. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.53 and a quick ratio of 1.64. The company has a market capitalization of £602.27 million, a price-to-earnings ratio of 1,871.74, a price-to-earnings-growth ratio of -2.02 and a beta of 1.65. Atalaya Mining has a 1-year low of GBX 281 ($3.56) and a 1-year high of GBX 444.50 ($5.63).

Atalaya Mining Company Profile

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is its 100% owned Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It produces copper concentrates, including silver by-products.