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

Berenberg Bank restated their hold rating on shares of Atalaya Mining (LON:ATYM - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 420 ($5.45) target price on the stock.

Separately, Canaccord Genuity Group cut their price target on shares of Atalaya Mining from GBX 555 ($7.20) to GBX 520 ($6.74) and set a "buy" rating on the stock in a report on Wednesday.

Atalaya Mining Stock Down 4.9 %

Atalaya Mining stock traded down GBX 18.50 ($0.24) during mid-day trading on Tuesday, reaching GBX 357 ($4.63). The stock had a trading volume of 3,370,960 shares, compared to its average volume of 358,095. Atalaya Mining has a one year low of GBX 322.50 ($4.18) and a one year high of GBX 493.50 ($6.40). The company has a 50-day moving average price of GBX 368.30 and a two-hundred day moving average price of GBX 366.54. The company has a market capitalization of £608.43 million, a price-to-earnings ratio of 22.13, a PEG ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64.

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.