Canaccord Genuity Group Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 830 price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 20.64% from the stock’s previous close.

Other analysts have also issued reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 705 price target on shares of Atalaya Mining in a research report on Thursday. Berenberg Bank boosted their target price on Atalaya Mining from GBX 620 to GBX 630 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 721.67.

Atalaya Mining Stock Performance

LON:ATYM traded down GBX 15 on Thursday, reaching GBX 688. 346,280 shares of the company’s stock were exchanged, compared to its average volume of 591,961. Atalaya Mining has a 52 week low of GBX 275.29 and a 52 week high of GBX 713. The stock has a fifty day simple moving average of GBX 625.92 and a 200-day simple moving average of GBX 516.51. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The firm has a market cap of £968.42 million, a price-to-earnings ratio of 13.46, a P/E/G ratio of -2.02 and a beta of 1.64.

Insider Activity

In other news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is currently owned by company insiders.

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.