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

Atalaya Mining (LON:ATYM) had its target price trimmed by Canaccord Genuity Group from GBX 585 ($7.37) to GBX 555 ($6.99) in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Separately, Berenberg Bank decreased their target price on Atalaya Mining from GBX 480 ($6.05) to GBX 460 ($5.80) and set a “hold” rating for the company in a research note on Monday, October 14th.

Atalaya Mining Trading Up 5.1 %

Shares of LON ATYM opened at GBX 343 ($4.32) 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 twelve month low of GBX 301 ($3.79) and a twelve month high of GBX 493.50 ($6.22). The company’s fifty day moving average is GBX 373.68 and its 200-day moving average is GBX 395.20. The stock has a market cap of £482.81 million, a price-to-earnings ratio of 1,715.00, a P/E/G ratio of -2.02 and a beta of 1.64.

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.