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

Key Points

• Canaccord Genuity Group has lowered the price target for Atalaya Mining from GBX 590 to GBX 580, while maintaining a "buy" rating, suggesting a potential upside of 13.28%.
• Berenberg Bank has reiterated a "hold" rating on Atalaya Mining, setting a price target of GBX 510.
• Atalaya Mining's stock has recently risen by 7.1%, following its opening at GBX 512 and trading between a 12-month low of GBX 275.29 and a high of GBX 539.85.

Atalaya Mining (LON:ATYM - Get Free Report) had its target price cut by equities research analysts at Canaccord Genuity Group from GBX 590 ($7.98) to GBX 580 ($7.85) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 11.70% from the company's current price.

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 510 ($6.90) price target on shares of Atalaya Mining in a research note on Tuesday.

Atalaya Mining Trading Up 1.0%

LON ATYM traded up GBX 5.27 ($0.07) during trading on Tuesday, hitting GBX 519.27 ($7.03). The company had a trading volume of 264,467 shares, compared to its average volume of 371,937. 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 one year low of GBX 275.29 ($3.72) and a one year high of GBX 546.58 ($7.40). The company has a market cap of £884.98 million, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company's fifty day moving average is GBX 466.54 and its 200-day moving average is GBX 407.46.

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.