Atalaya Mining (LON:ATYM) Earns Buy Rating from Peel Hunt

Atalaya Mining (LON:ATYM – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued on Monday, Digital Look reports. They presently have a GBX 1,185 target price on the stock. Peel Hunt’s target price indicates a potential upside of 18.68% from the stock’s current price.

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

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Atalaya Mining Stock Performance

Shares of ATYM stock opened at GBX 998.50 on Monday. The company has a market capitalization of £1.54 billion, a P/E ratio of 14.16, a P/E/G ratio of -2.02 and a beta of 1.49. The business’s 50 day moving average is GBX 1,012.82 and its two-hundred day moving average is GBX 883.16. The company has a current ratio of 2.83, a quick ratio of 1.64 and a debt-to-equity ratio of 4.44. Atalaya Mining has a 12-month low of GBX 609.70 and a 12-month high of GBX 1,133.02.

Atalaya Mining Company Profile

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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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