Atalaya Mining (LON:ATYM) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Atalaya Mining (LON:ATYM) in a report published on Monday, Marketbeat reports. The brokerage currently has a GBX 595 ($7.72) price objective on the stock.

Separately, Berenberg Bank boosted their price target on Atalaya Mining from GBX 410 ($5.32) to GBX 480 ($6.22) and gave the stock a hold rating in a report on Tuesday, May 21st.

Atalaya Mining Stock Performance

LON:ATYM opened at GBX 383 ($4.97) on Monday. The company has a market cap of £536.09 million, a price-to-earnings ratio of 1,665.22, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a fifty-two week low of GBX 281 ($3.64) and a fifty-two week high of GBX 493.50 ($6.40). 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 stock has a fifty day moving average price of GBX 430.99 and a 200-day moving average price of GBX 388.31.

Atalaya Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 11th will be given a dividend of $0.04 per share. This represents a yield of 0.71%. The ex-dividend date is Thursday, July 11th. Atalaya Mining’s dividend payout ratio is 3,043.48%.

Insider Activity at Atalaya Mining

In related news, insider Jesus Fernandez Lopez bought 92,500 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were purchased at an average price of GBX 400 ($5.19) per share, with a total value of £370,000 ($479,834.00). 31.54% of the stock is 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.