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

Berenberg Bank reissued their hold rating on shares of Atalaya Mining (LON:ATYM - Free Report) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 420 ($5.42) target price on the stock.

Separately, Canaccord Genuity Group cut their target price on Atalaya Mining from GBX 555 ($7.17) to GBX 520 ($6.71) and set a "buy" rating for the company in a research note on Wednesday.

Atalaya Mining Stock Performance

ATYM traded down GBX 18.50 ($0.24) on Tuesday, hitting GBX 357 ($4.61). 3,370,960 shares of the company traded hands, compared to its average volume of 358,095. The company has a 50 day moving average of GBX 367.94 and a 200-day moving average of GBX 366.26. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The stock has a market capitalization of £608.43 million, a PE ratio of 22.13, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12-month low of GBX 322.50 ($4.16) and a 12-month high of GBX 493.50 ($6.37).

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.