Atalaya Mining’s (ATYM) Buy Rating Reaffirmed at Canaccord Genuity Group

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued on Monday, Digital Look reports. They currently have a GBX 595 ($7.62) price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 46.19% from the stock’s previous close.

Separately, Berenberg Bank upped their target price on Atalaya Mining from GBX 410 ($5.25) to GBX 480 ($6.15) and gave the company a “hold” rating in a research report on Tuesday, May 21st.

Atalaya Mining Stock Performance

LON:ATYM traded down GBX 27.50 ($0.35) during trading hours on Monday, hitting GBX 407 ($5.21). 839,261 shares of the company were exchanged, compared to its average volume of 284,015. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.53 and a quick ratio of 1.64. Atalaya Mining has a 52-week low of GBX 281 ($3.60) and a 52-week high of GBX 493.50 ($6.32). The stock has a market capitalization of £569.68 million, a price-to-earnings ratio of 1,754.70, a PEG ratio of -2.02 and a beta of 1.64. The company’s 50 day moving average price is GBX 433.77 and its 200-day moving average price is GBX 387.82.

Insiders Place Their Bets

In other Atalaya Mining news, insider Jesus Fernandez Lopez purchased 92,500 shares of the stock in a transaction on Friday, June 14th. The shares were bought at an average cost of GBX 400 ($5.12) per share, with a total value of £370,000 ($473,933.65). 31.54% of the stock is currently owned by insiders.

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.