Atalaya Mining (LON:ATYM) Earns “Hold” Rating from Berenberg Bank

Atalaya Mining (LON:ATYM)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a report released on Tuesday,Digital Look reports. They presently have a GBX 420 ($5.56) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 12.60% from the company’s previous close.

Separately, Canaccord Genuity Group raised their price target on shares of Atalaya Mining from GBX 520 ($6.88) to GBX 525 ($6.95) and gave the stock a “buy” rating in a research report on Tuesday.

Atalaya Mining Stock Performance

Shares of ATYM stock traded up GBX 6.50 ($0.09) during mid-day trading on Tuesday, reaching GBX 373 ($4.94). The stock had a trading volume of 267,670 shares, compared to its average volume of 429,923. Atalaya Mining has a 1-year low of GBX 275.29 ($3.64) and a 1-year high of GBX 493.50 ($6.53). The firm has a market cap of £635.69 million, a price-to-earnings ratio of 23.12, a PEG ratio of -2.02 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The business’s fifty day moving average is GBX 360.98 and its 200-day moving average is GBX 361.38.

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.