Berenberg Bank Lowers Atalaya Mining (LON:ATYM) Price Target to GBX 460

Atalaya Mining (LON:ATYM) had its price objective decreased by analysts at Berenberg Bank from GBX 480 ($6.27) to GBX 460 ($6.01) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 27.42% from the stock’s current price.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 585 ($7.64) target price on shares of Atalaya Mining in a research note on Wednesday, August 14th.

Atalaya Mining Stock Performance

ATYM opened at GBX 361 ($4.71) on Monday. The company has a market cap of £508.14 million, a PE ratio of 1,805.00, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The stock has a 50-day moving average of GBX 376.37 and a 200-day moving average of GBX 404.52. Atalaya Mining has a 52-week low of GBX 281 ($3.67) and a 52-week high of GBX 493.50 ($6.44). The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.64 and a current ratio of 1.65.

Insider Transactions at Atalaya Mining

In related news, insider Neil Gregson bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of GBX 343 ($4.48) per share, with a total value of £17,150 ($22,394.88). 31.43% of the stock is currently owned by insiders.

Atalaya Mining Company Profile

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.