Berenberg Bank Issues Positive Forecast for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price objective raised by Berenberg Bank from GBX 930 to GBX 1,000 in a report released on Wednesday,London Stock Exchange reports. Berenberg Bank currently has a buy rating on the stock.

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

Atalaya Mining Stock Up 0.6%

ATYM stock traded up GBX 6 during mid-day trading on Wednesday, reaching GBX 933. The company had a trading volume of 551,740 shares, compared to its average volume of 602,489. The company has a market capitalization of £1.31 billion, a price-to-earnings ratio of 16.46, a PEG ratio of -2.02 and a beta of 1.64. The stock has a 50 day simple moving average of GBX 771.89 and a two-hundred day simple moving average of GBX 627.52. Atalaya Mining has a 52 week low of GBX 275.29 and a 52 week high of GBX 946. 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.