Atalaya Mining (LON:ATYM) Price Target Increased to GBX 580 by Analysts at Canaccord Genuity Group

Atalaya Mining (LON:ATYM) had its price target upped by analysts at Canaccord Genuity Group from GBX 530 ($6.55) to GBX 580 ($7.16) in a report released on Friday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 30.93% from the company’s previous close.

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 410 ($5.06) price objective on shares of Atalaya Mining in a report on Thursday, April 11th.

Atalaya Mining Price Performance

ATYM stock opened at GBX 443 ($5.47) on Friday. The company has a market capitalization of £619.76 million, a P/E ratio of 1,934.17, a PEG ratio of -2.02 and a beta of 1.65. Atalaya Mining has a twelve month low of GBX 281 ($3.47) and a twelve month high of GBX 452.50 ($5.59). The business has a 50 day simple moving average of GBX 372.37 and a 200-day simple moving average of GBX 340.01. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 14.43.

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.