Berenberg Bank Forecasts Strong Price Appreciation for Atalaya Mining (LON:ATYM) Stock

Atalaya Mining (LON:ATYM) had its target price boosted by stock analysts at Berenberg Bank from GBX 1,260 to GBX 1,300 in a research note issued to investors on Friday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank‘s price target suggests a potential upside of 55.13% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,100 target price on shares of Atalaya Mining in a research note on Tuesday, August 11th. Peel Hunt restated a “buy” rating and issued a GBX 1,185 price objective on shares of Atalaya Mining in a research note on Monday, October 12th. Finally, Royal Bank Of Canada raised their target price on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, Atalaya Mining has a consensus rating of “Buy” and a consensus price target of GBX 1,171.25.

Atalaya Mining Stock Down 1.6%

Atalaya Mining stock opened at GBX 838 on Friday. Atalaya Mining has a 12 month low of GBX 627.05 and a 12 month high of GBX 1,133.02. The stock has a fifty day simple moving average of GBX 959.72 and a two-hundred day simple moving average of GBX 890.33. The firm has a market cap of £1.29 billion, a price-to-earnings ratio of 11.89, a PEG ratio of -2.02 and a beta of 1.49. The company has a current ratio of 2.83, a quick ratio of 1.64 and a debt-to-equity ratio of 4.44.

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.