Atalaya Mining (LON:ATYM) PT Raised to GBX 480

Atalaya Mining (LON:ATYM) had its price objective boosted by Berenberg Bank from GBX 410 ($5.21) to GBX 480 ($6.10) in a research note issued to investors on Tuesday morning, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.

Separately, Canaccord Genuity Group upped their target price on Atalaya Mining from GBX 580 ($7.37) to GBX 595 ($7.56) and gave the stock a buy rating in a report on Tuesday.

Atalaya Mining Price Performance

Shares of ATYM opened at GBX 427 ($5.43) on Tuesday. The company has a debt-to-equity ratio of 14.43, a quick ratio of 1.64 and a current ratio of 1.53. The company has a 50 day moving average price of GBX 422.72 and a 200-day moving average price of GBX 362.49. Atalaya Mining has a fifty-two week low of GBX 281 ($3.57) and a fifty-two week high of GBX 493.50 ($6.27). The stock has a market capitalization of £597.67 million, a PE ratio of 1,856.52, a PEG ratio of -2.02 and a beta of 1.64.

Insiders Place Their Bets

In related news, insider Jesus Fernandez Lopez sold 65,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of GBX 486 ($6.18), for a total transaction of £315,900 ($401,499.75). 31.54% of the stock is currently owned by corporate insiders.

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.