Atalaya Mining (LON:ATYM) Price Target Cut to GBX 520 by Analysts at Canaccord Genuity Group

Atalaya Mining (LON:ATYM - Get Free Report) had its target price reduced by analysts at Canaccord Genuity Group from GBX 555 ($7.17) to GBX 520 ($6.71) in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 45.66% from the stock's previous close.

Atalaya Mining Stock Down 4.9 %

LON ATYM traded down GBX 18.50 ($0.24) during trading hours on Wednesday, reaching GBX 357 ($4.61). 3,370,960 shares of the company's stock were exchanged, compared to its average volume of 358,095. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53. The company has a market capitalization of £608.43 million, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company's 50-day moving average is GBX 367.94 and its two-hundred day moving average is GBX 366.24. Atalaya Mining has a one year low of GBX 322.50 ($4.16) and a one year high of GBX 493.50 ($6.37).

Atalaya Mining Company Profile

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya's shares trade on the London Stock Exchange's Main Market under the symbol "ATYM". Atalaya's operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.