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

Atalaya Mining (LON:ATYM) had its price target 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 reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 30.93% from the company’s previous close.

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

Atalaya Mining Stock Up 0.3 %

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

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.