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

Atalaya Mining (LON:ATYM)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 420 ($5.46) target price on the stock. Berenberg Bank’s price target points to a potential upside of 10.53% from the stock’s current price.

Separately, Canaccord Genuity Group reduced their price target on shares of Atalaya Mining from GBX 555 ($7.22) to GBX 520 ($6.76) and set a “buy” rating on the stock in a research report on Wednesday.

Atalaya Mining Price Performance

LON:ATYM opened at GBX 380 ($4.94) on Tuesday. The firm has a market cap of £647.62 million, a PE ratio of 23.55, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12 month low of GBX 322.50 ($4.20) and a 12 month high of GBX 493.50 ($6.42). The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The company’s 50-day moving average price is GBX 368.23 and its two-hundred day moving average price is GBX 366.48.

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.