Atalaya Mining (LON:ATYM) Price Target Cut to GBX 555 by Analysts at Canaccord Genuity Group

Atalaya Mining (LON:ATYM) had its price target trimmed by Canaccord Genuity Group from GBX 585 ($7.37) to GBX 555 ($6.99) in a research note issued to investors on Wednesday, MarketBeat Ratings 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 on the stock in a research note on Monday, October 14th.

Atalaya Mining Price Performance

LON:ATYM opened at GBX 343 ($4.32) on Wednesday. The business’s 50-day simple moving average is GBX 373.68 and its two-hundred day simple moving average is GBX 394.86. Atalaya Mining has a 52 week low of GBX 301 ($3.79) and a 52 week high of GBX 493.50 ($6.22). The stock has a market cap of £482.81 million, a PE ratio of 1,715.00, a P/E/G ratio of -2.02 and a beta of 1.64. 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 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.