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 price target dropped by equities researchers at Canaccord Genuity Group from GBX 555 ($7.17) to GBX 520 ($6.71) in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 45.66% from the company's previous close.

Atalaya Mining Price Performance

ATYM stock traded down GBX 18.50 ($0.24) during mid-day trading on Wednesday, hitting GBX 357 ($4.61). 3,370,960 shares of the stock were exchanged, compared to its average volume of 358,095. The business has a fifty day moving average price of GBX 367.94 and a 200 day moving average price of GBX 366.27. Atalaya Mining has a 12 month low of GBX 322.50 ($4.16) and a 12 month high of GBX 493.50 ($6.37). The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The stock has a market capitalization of £608.43 million, a price-to-earnings ratio of 22.13, a PEG ratio of -2.02 and a beta of 1.64.

About Atalaya Mining

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.