Atalaya Mining (LON:ATYM) Price Target Lowered to GBX 1,210 at Berenberg Bank

Key Points

• Berenberg Bank cut its price target on Atalaya Mining from GBX 1,270 to GBX 1,210 while keeping a "buy" rating, a target that implies a potential upside of about 72.6% from the stock's prior close.
• Shares were trading at GBX 701 on Friday (down ~1.5%) with heavy volume (19.8M vs. avg. 2.65M), leaving the stock well below the analysts' consensus price target of GBX 1,020 and reflecting recent volatility between a 1‑year low of GBX 275 and high of GBX 1,094.

Atalaya Mining (LON:ATYM - Get Free Report) had its price target lowered by stock analysts at Berenberg Bank from GBX 1,270 to GBX 1,210 in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 72.61% from the stock's previous close.

A number of other equities research analysts have also weighed in on ATYM. Royal Bank Of Canada boosted their target price on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Canaccord Genuity Group restated a "buy" rating and set a GBX 1,090 price target on shares of Atalaya Mining in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 1,020.

Atalaya Mining Trading Down 1.5%

LON:ATYM traded down GBX 11 during trading hours on Friday, reaching GBX 701. The company's stock had a trading volume of 19,819,359 shares, compared to its average volume of 2,651,946. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.64 and a current ratio of 1.75. The firm has a market capitalization of £1.08 billion, a price-to-earnings ratio of 12.36, a PEG ratio of -2.02 and a beta of 1.35. The firm has a 50-day simple moving average of GBX 947.05 and a 200-day simple moving average of GBX 775.62. Atalaya Mining has a 1 year low of GBX 275.29 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.