Atalaya Mining (LON:ATYM) Receives Hold Rating from Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of Atalaya Mining (LON:ATYM) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a GBX 420 ($5.46) price objective on the stock.

Separately, Canaccord Genuity Group cut their target price on shares of Atalaya Mining from GBX 555 ($7.22) to GBX 520 ($6.76) and set a “buy” rating on the stock in a report on Wednesday.

Atalaya Mining Price Performance

Shares of ATYM stock opened at GBX 363.50 ($4.73) on Tuesday. The firm has a market capitalization of £619.50 million, a price-to-earnings ratio of 22.53, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 1 year low of GBX 322.50 ($4.19) and a 1 year high of GBX 493.50 ($6.42). 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 367.95 and its 200-day moving average is GBX 366.38.

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.