Atalaya Mining (LON:ATYM) Stock Rating Reaffirmed by Canaccord Genuity Group

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Marketbeat reports. They currently have a GBX 585 ($7.47) target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 59.84% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 480 ($6.13) price target on shares of Atalaya Mining in a research report on Wednesday.

Atalaya Mining Stock Up 6.9 %

Shares of ATYM stock opened at GBX 366 ($4.67) on Wednesday. The stock’s 50 day simple moving average is GBX 396.51 and its 200 day simple moving average is GBX 391.77. The company has a debt-to-equity ratio of 14.43, a quick ratio of 1.64 and a current ratio of 1.53. Atalaya Mining has a twelve month low of GBX 281 ($3.59) and a twelve month high of GBX 493.50 ($6.30). The company has a market capitalization of £512.29 million, a price-to-earnings ratio of 1,591.30, a PEG ratio of -2.02 and a beta of 1.64.

Insiders Place Their Bets

In other news, insider Jesus Fernandez Lopez bought 92,500 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of GBX 400 ($5.11) per share, for a total transaction of £370,000 ($472,420.84). Insiders own 31.54% of the company’s stock.

Atalaya Mining Company Profile

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.