Atalaya Mining’s (ATYM) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Atalaya Mining (LON:ATYM) in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 1,180 price target on the stock.

A number of other research firms also recently commented on ATYM. Royal Bank Of Canada dropped their price objective on 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 stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,015.

Atalaya Mining Stock Down 1.2%

Shares of LON ATYM opened at GBX 796.94 on Wednesday. The company has a market capitalization of £1.23 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of -2.02 and a beta of 1.48. The company has a debt-to-equity ratio of 2.31, a current ratio of 3.20 and a quick ratio of 1.64. The business has a 50-day moving average of GBX 820.10 and a two-hundred day moving average of GBX 852.06. Atalaya Mining has a 1 year low of GBX 440.50 and a 1 year high of GBX 1,094.

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.