Atalaya Mining's (ATYM) "Hold" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Atalaya Mining with a target price of GBX 510 ($6.85), indicating a potential downside of 0.39% from the current stock price.
• Canaccord Genuity Group raised its price target for Atalaya Mining from GBX 525 ($7.05) to GBX 590 ($7.92) and assigned a "buy" rating.
• Atalaya Mining operates the Proyecto Riotinto complex in southwest Spain and has a market capitalization of £872.59 million.

Berenberg Bank restated their hold rating on shares of Atalaya Mining (LON:ATYM - Free Report) in a research report released on Tuesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 510 ($6.90) price target on the stock.

Separately, Canaccord Genuity Group raised their target price on shares of Atalaya Mining from GBX 525 ($7.10) to GBX 590 ($7.98) and gave the stock a "buy" rating in a research note on Tuesday, July 15th.

Atalaya Mining Stock Performance

Shares of ATYM traded up GBX 5.27 ($0.07) on Tuesday, reaching GBX 519.27 ($7.03). The company's stock had a trading volume of 264,467 shares, compared to its average volume of 371,937. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The stock has a market capitalization of £884.98 million, a P/E ratio of 32.19, a PEG ratio of -2.02 and a beta of 1.64. The stock's 50 day simple moving average is GBX 466.54 and its two-hundred day simple moving average is GBX 407.46. Atalaya Mining has a 12-month low of GBX 275.29 ($3.72) and a 12-month high of GBX 546.58 ($7.40).

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.