Atalaya Mining (LON:ATYM) Price Target Raised to GBX 630 at Berenberg Bank

Key Points

• Berenberg Bank has raised Atalaya Mining's price target from GBX 620 to GBX 630, maintaining a "buy" rating, indicating a potential upside of 0.64% from the previous close.
• Shares of Atalaya Mining rose by GBX 5 on Tuesday, reaching GBX 626 with a market capitalization of £881.15 million and a P/E ratio of 12.25.
• Insider Jesus Fernandez Lopez sold 70,000 shares at an average price of GBX 620, reflecting significant insider activity as 31.43% of the stock is owned by insiders.

Atalaya Mining (LON:ATYM - Get Free Report) had its target price lifted by equities researchers at Berenberg Bank from GBX 620 to GBX 630 in a note issued to investors on Tuesday,Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price indicates a potential upside of 0.64% from the stock's previous close.

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 580 price objective on shares of Atalaya Mining in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 588.33.

Atalaya Mining Stock Performance

Shares of ATYM traded up GBX 5 during trading hours on Tuesday, reaching GBX 626. 1,902,413 shares of the company traded hands, compared to its average volume of 604,267. 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 business has a fifty day moving average price of GBX 577.67 and a 200-day moving average price of GBX 478.95. Atalaya Mining has a 12-month low of GBX 275.29 and a 12-month high of GBX 682. The stock has a market capitalization of £881.15 million, a P/E ratio of 12.25, a P/E/G ratio of -2.02 and a beta of 1.64.

Insider Activity

In other news, insider Jesus Fernandez Lopez sold 70,000 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total value of £434,000. 31.43% of the stock is owned by insiders.

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.

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