Atalaya Mining (LON:ATYM) Price Target Cut to GBX 460

Atalaya Mining (LON:ATYM) had its target price trimmed by Berenberg Bank from GBX 480 ($6.27) to GBX 460 ($6.01) in a research report report published on Monday morning, MarketBeat reports. The firm currently has a hold rating on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 585 ($7.64) target price on shares of Atalaya Mining in a research note on Wednesday, August 14th.

Atalaya Mining Stock Up 0.8 %

Shares of ATYM stock opened at GBX 365 ($4.77) on Monday. Atalaya Mining has a twelve month low of GBX 281 ($3.67) and a twelve month high of GBX 493.50 ($6.44). The stock has a market cap of £513.77 million, a P/E ratio of 1,825.00, a P/E/G ratio of -2.02 and a beta of 1.64. The stock has a 50 day moving average of GBX 377.03 and a 200 day moving average of GBX 404.04. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 6.27.

Atalaya Mining Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, August 22nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a yield of 0.92%. Atalaya Mining’s payout ratio is 3,000.00%.

Insiders Place Their Bets

In other news, insider Neil Gregson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of GBX 343 ($4.48) per share, for a total transaction of £17,150 ($22,394.88). 31.43% of the stock is currently owned by company 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.