Atalaya Mining (LON:ATYM) Given New GBX 520 Price Target at Canaccord Genuity Group

Atalaya Mining (LON:ATYM) had its target price decreased by analysts at Canaccord Genuity Group from GBX 555 ($7.22) to GBX 520 ($6.76) in a report released on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 42.47% from the company’s current price.

Atalaya Mining Trading Down 2.9 %

ATYM opened at GBX 365 ($4.75) on Wednesday. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. Atalaya Mining has a fifty-two week low of GBX 322.50 ($4.19) and a fifty-two week high of GBX 493.50 ($6.42). The firm has a market capitalization of £622.06 million, a PE ratio of 22.62, a P/E/G ratio of -2.02 and a beta of 1.64. The company’s 50-day moving average is GBX 367.95 and its 200 day moving average is GBX 366.38.

About Atalaya Mining

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya’s shares trade on the London Stock Exchange’s Main Market under the symbol “ATYM”.

Atalaya’s operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.