Atalaya Mining’s (ATYM) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Atalaya Mining (LON:ATYM) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 420 ($5.45) price target on the stock.

Separately, Canaccord Genuity Group reduced their price target on Atalaya Mining from GBX 555 ($7.20) to GBX 520 ($6.74) and set a “buy” rating for the company in a research report on Wednesday.

Atalaya Mining Stock Down 1.2 %

ATYM stock opened at GBX 375.50 ($4.87) on Tuesday. 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 £639.96 million, a P/E ratio of 23.27, a P/E/G ratio of -2.02 and a beta of 1.64. The business has a 50-day moving average of GBX 368.30 and a 200-day moving average of GBX 366.54. Atalaya Mining has a fifty-two week low of GBX 322.50 ($4.18) and a fifty-two week high of GBX 493.50 ($6.40).

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.