Atalaya Mining’s (ATYM) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Atalaya Mining (LON:ATYM – Free Report) in a research report report published on Monday,Digital Look reports. The brokerage currently has a GBX 1,185 price objective on the stock.

Other research analysts have also issued reports about the company. Royal Bank Of Canada increased their price objective on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,100 price objective on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,180 price objective on shares of Atalaya Mining in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,141.25.

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Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 1,027 on Monday. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. The company has a market capitalization of £1.58 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49. Atalaya Mining has a one year low of GBX 609.70 and a one year high of GBX 1,133.02. The business has a 50 day simple moving average of GBX 1,012.82 and a 200 day simple moving average of GBX 883.16.

About Atalaya Mining

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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. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.

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