Canaccord Genuity Group Cuts Atalaya Mining (LON:ATYM) Price Target to GBX 520

Atalaya Mining (LON:ATYM) had its price target cut by Canaccord Genuity Group from GBX 555 ($7.17) to GBX 520 ($6.71) in a research report released on Wednesday,Digital Look reports. They currently have a buy rating on the stock.

Atalaya Mining Price Performance

Shares of LON ATYM opened at GBX 357 ($4.61) on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. Atalaya Mining has a twelve month low of GBX 322.50 ($4.16) and a twelve month high of GBX 493.50 ($6.37). The stock has a 50 day moving average of GBX 367.94 and a two-hundred day moving average of GBX 366.27. The stock has a market cap of £608.43 million, a P/E ratio of 22.13, a P/E/G ratio of -2.02 and a beta of 1.64.

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.