Canaccord Genuity Group Cuts Atalaya Mining (LON:ATYM) Price Target to GBX 555

Atalaya Mining (LON:ATYM) had its price target cut by Canaccord Genuity Group from GBX 585 ($7.37) to GBX 555 ($6.99) in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank lowered their price target on shares of Atalaya Mining from GBX 480 ($6.05) to GBX 460 ($5.80) and set a “hold” rating for the company in a research report on Monday, October 14th.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 343 ($4.32) on Wednesday. The business’s 50-day simple moving average is GBX 373.68 and its 200 day simple moving average is GBX 395.20. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 6.27. The stock has a market cap of £482.81 million, a price-to-earnings ratio of 1,715.00, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12-month low of GBX 301 ($3.79) and a 12-month high of GBX 493.50 ($6.22).

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.