Canaccord Genuity Group Has Lowered Expectations for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price objective cut by Canaccord Genuity Group from GBX 585 ($7.53) to GBX 555 ($7.14) in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 69.98% from the company’s current price.

Separately, Berenberg Bank cut their price objective on shares of Atalaya Mining from GBX 480 ($6.18) to GBX 460 ($5.92) and set a “hold” rating for the company in a report on Monday, October 14th.

Atalaya Mining Price Performance

LON:ATYM opened at GBX 326.50 ($4.20) on Wednesday. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.65 and a quick ratio of 1.64. The company has a 50 day moving average price of GBX 373.87 and a 200-day moving average price of GBX 395.98. Atalaya Mining has a 1-year low of GBX 301 ($3.87) and a 1-year high of GBX 493.50 ($6.35). The firm has a market cap of £459.58 million, a price-to-earnings ratio of 1,632.50, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

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.