Atalaya Mining (LON:ATYM) Price Target Raised to GBX 500 at Berenberg Bank

Atalaya Mining (LON:ATYM - Free Report) had its target price boosted by Berenberg Bank from GBX 420 ($5.74) to GBX 500 ($6.83) in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 525 ($7.17) target price on shares of Atalaya Mining in a research note on Thursday, May 29th.

Atalaya Mining Stock Performance

Shares of ATYM stock traded down GBX 13.50 ($0.18) during trading on Thursday, reaching GBX 449.50 ($6.14). 180,667 shares of the company's stock traded hands, compared to its average volume of 394,575. The company has a market capitalization of £766.07 million, a P/E ratio of 27.86, 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 firm's 50-day moving average is GBX 431.01 and its 200 day moving average is GBX 384.60. Atalaya Mining has a 1 year low of GBX 275.29 ($3.76) and a 1 year high of GBX 476 ($6.50).

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.