Atalaya Mining PLC -4.7% potential downside indicated by Berenberg Bank

Atalaya Mining PLC with ticker (LON:ATYM) now has a potential downside of -4.7% according to Berenberg Bank.



Berenberg Bank set a target price of 410 GBX for the company, which when compared to the Atalaya Mining PLC share price of 430 GBX at opening today (19/04/2024) indicates a potential downside of -4.7%. Trading has ranged between 281 (52 week low) and 445 (52 week high) with an average of 340,369 shares exchanging hands daily. The market capitalisation at the time of writing is £593,736,336.

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.