Atalaya Mining (LON:ATYM) Price Target Raised to GBX 510 at Berenberg Bank

Atalaya Mining (LON:ATYM - Get Free Report) had its price target upped by equities researchers at Berenberg Bank from GBX 500 ($6.71) to GBX 510 ($6.85) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a "hold" rating on the stock. Berenberg Bank's price target suggests a potential upside of 12.09% from the company's current price.

Separately, Canaccord Genuity Group upped their price objective on shares of Atalaya Mining from GBX 525 ($7.05) to GBX 590 ($7.92) and gave the stock a "buy" rating in a research report on Tuesday.

Atalaya Mining Stock Performance

Shares of Atalaya Mining stock traded down GBX 11 ($0.15) during trading on Tuesday, reaching GBX 455 ($6.11). The company's stock had a trading volume of 327,706 shares, compared to its average volume of 389,334. The business's 50-day moving average price is GBX 445.31 and its 200-day moving average price is GBX 392.31. The firm has a market cap of £775.45 million, a PE ratio of 28.20, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 52 week low of GBX 275.29 ($3.70) and a 52 week high of GBX 490 ($6.58). The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

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.