Peel Hunt Reaffirms Buy Rating for Atalaya Mining (LON:ATYM)

Atalaya Mining (LON:ATYM)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research note issued on Thursday, LSE.Co.UK reports. They presently have a GBX 310 ($4.05) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 68.02% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 310 ($4.05) price target on shares of Atalaya Mining in a research report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 380 ($4.97) price target on shares of Atalaya Mining in a research report on Thursday.

Atalaya Mining stock traded down GBX 7 ($0.09) during midday trading on Thursday, hitting GBX 184.50 ($2.41). The company’s stock had a trading volume of 26,501 shares, compared to its average volume of 97,824. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 2.00. The stock’s 50-day moving average price is GBX 194.96 and its 200-day moving average price is GBX 208.96. Atalaya Mining has a 12 month low of GBX 185 ($2.42) and a 12 month high of GBX 261 ($3.41). The company has a market capitalization of $253.39 million and a PE ratio of 6.73.

Atalaya Mining Company Profile

Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties in Europe. It holds a 100% interest in the Proyecto Riotinto project, an open-pit copper mine located in Andalucía, Spain. The company was formerly known as EMED Mining Public Limited and changed its name to Atalaya Mining Plc in October 2015.

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