Peel Hunt Reiterates “Buy” Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a report released on Thursday,Digital Look reports. They currently have a GBX 705 target price on the stock. Peel Hunt’s target price indicates a potential upside of 2.03% from the company’s previous close.

Several other research analysts also recently commented on ATYM. Canaccord Genuity Group boosted their target price on Atalaya Mining from GBX 580 to GBX 830 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Berenberg Bank increased their target price on Atalaya Mining from GBX 620 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 721.67.

Atalaya Mining Trading Down 1.7%

Shares of ATYM stock opened at GBX 691 on Thursday. The company has a market capitalization of £972.64 million, a P/E ratio of 13.52, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12-month low of GBX 275.29 and a 12-month high of GBX 713. 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 firm has a 50-day moving average price of GBX 625.92 and a 200 day moving average price of GBX 516.51.

Insider Transactions at Atalaya Mining

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 620, for a total value of £434,000. 31.43% of the stock is currently owned by corporate insiders.

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.