Canaccord Genuity Group Lowers Atalaya Mining (LON:ATYM) Price Target to GBX 555

Atalaya Mining (LON:ATYM) had its target price decreased by stock analysts at Canaccord Genuity Group from GBX 585 ($7.53) to GBX 555 ($7.14) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 69.98% from the company’s previous close.

Separately, Berenberg Bank reduced their price target on shares of Atalaya Mining from GBX 480 ($6.18) to GBX 460 ($5.92) and set a “hold” rating for the company in a research report on Monday, October 14th.

Atalaya Mining Trading Down 3.8 %

Shares of LON:ATYM opened at GBX 326.50 ($4.20) on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 6.27. Atalaya Mining has a 52-week low of GBX 301 ($3.87) and a 52-week high of GBX 493.50 ($6.35). The stock has a market cap of £459.58 million, a price-to-earnings ratio of 1,632.50, a PEG ratio of -2.02 and a beta of 1.64. The business has a 50-day moving average price of GBX 373.87 and a 200-day moving average price of GBX 395.98.

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.