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

Atalaya Mining (LON:ATYM) had its price objective dropped by investment analysts at Berenberg Bank from GBX 480 ($6.27) to GBX 460 ($6.01) in a research note issued on Monday, Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 28.15% from the company’s current price.

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

Atalaya Mining Trading Down 2.6 %

Shares of Atalaya Mining stock traded down GBX 9.54 ($0.12) during trading on Monday, hitting GBX 358.97 ($4.69). The company’s stock had a trading volume of 359,747 shares, compared to its average volume of 283,395. The stock has a market cap of £505.28 million, a price-to-earnings ratio of 1,794.83, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.65 and a quick ratio of 1.64. Atalaya Mining has a 52 week low of GBX 281 ($3.67) and a 52 week high of GBX 493.50 ($6.44). The stock has a 50-day moving average price of GBX 376.37 and a two-hundred day moving average price of GBX 404.52.

Insider Activity at Atalaya Mining

In other Atalaya Mining news, insider Neil Gregson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of GBX 343 ($4.48) per share, for a total transaction of £17,150 ($22,394.88). 31.43% of the stock is owned by corporate insiders.

About Atalaya Mining

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.