Atalaya Mining PLC 16.3% potential upside indicated by Berenberg Bank

Atalaya Mining PLC with ticker (LON:ATYM) now has a potential upside of 16.3% according to Berenberg Bank.



Berenberg Bank set a target price of 490 GBX for the company, which when compared to the Atalaya Mining PLC share price of 410 GBX at opening today (25/11/2021) indicates a potential upside of 16.3%. Trading has ranged between 188 (52 week low) and 415 (52 week high) with an average of 503,867 shares exchanging hands daily. The market capitalisation at the time of writing is £575,088,251.

Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus-based new European copper company focused on the re-start of production at the Rio Tinto Copper Project. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. The open-pit mine has Ore Reserves totaling approximately 600,000 tones of contained copper and a processing facility.