Atalaya Mining (LON:ATYM) Receives "Buy" Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Atalaya Mining (LON:ATYM - Free Report) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a GBX 525 ($7.06) price target on the stock.

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 420 ($5.65) price target on shares of Atalaya Mining in a research note on Tuesday, April 15th.

Atalaya Mining Trading Up 2.6%

Shares of LON:ATYM traded up GBX 11.50 ($0.15) during trading on Thursday, hitting GBX 450 ($6.05). The company had a trading volume of 889,823 shares, compared to its average volume of 420,731. The stock has a market cap of £766.92 million, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. Atalaya Mining has a one year low of GBX 275.29 ($3.70) and a one year high of GBX 454.50 ($6.12). The company has a fifty day simple moving average of GBX 375.14 and a two-hundred day simple moving average of GBX 366.05. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio 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.