Canaccord Genuity Group Raises Atalaya Mining (LON:ATYM) Price Target to GBX 580

Atalaya Mining (LON:ATYM) had its target price lifted by research analysts at Canaccord Genuity Group from GBX 530 ($6.55) to GBX 580 ($7.16) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 30.93% from the company’s previous close.

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

Atalaya Mining Price Performance

Shares of LON:ATYM opened at GBX 443 ($5.47) on Friday. Atalaya Mining has a twelve month low of GBX 281 ($3.47) and a twelve month high of GBX 452.50 ($5.59). The stock’s 50 day moving average is GBX 377.20 and its 200-day moving average is GBX 341.68. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 14.43. The firm has a market capitalization of £619.76 million, a price-to-earnings ratio of 1,926.09, a PEG ratio of -2.02 and a beta of 1.65.

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.