Rating of The Day: Canaccord Genuity Analyst Reaffirmed GBX 195.00 Price Target on Atalaya Mining Plc (LON:ATYM) stock, While Reiterating Speculative Buy Rating

November 24, 2016 - By Winifred Garcia

Atalaya Mining Plc (LON:ATYM) Rating

They currently have a GBX 195.00 target on Atalaya Mining Plc (LON:ATYM). Canaccord Genuity’s target would suggest a potential upside of 34.02% from the company’s last stock close price. This was disclosed to clients in a research report on 24 November.

Atalaya Mining PLC (LON:ATYM) Ratings Coverage

Out of 3 analysts covering Atalaya Mining Plc (LON:ATYM), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 209 is the highest target while GBX 135 is the lowest. The GBX 193 average target is 30.41% above today’s (GBX 148) stock price. Atalaya Mining Plc has been the topic of 26 analyst reports since November 18, 2015 according to StockzIntelligence Inc. On Friday, September 30 the stock rating was maintained by Canaccord Genuity with “Speculative Buy”. The rating was maintained by FinnCap with “Buy” on Monday, March 21. The stock has “Buy” rating given by FinnCap on Thursday, February 18. The stock of Atalaya Mining PLC (LON:ATYM) has “Speculative Buy” rating given on Monday, October 3 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Speculative Buy” rating in Tuesday, October 11 report. On Tuesday, October 11 the stock rating was maintained by Peel Hunt with “Buy”. FinnCap maintained the shares of ATYM in a report on Tuesday, September 20 with “Buy” rating. FinnCap maintained the stock with “Buy” rating in Wednesday, May 4 report. The stock has “Buy” rating given by Peel Hunt on Friday, September 30. The stock of Atalaya Mining PLC (LON:ATYM) earned “Buy” rating by FinnCap on Friday, April 22.

About 213,795 shares traded hands or 43.42% up from the average. Atalaya Mining PLC (LON:ATYM) has risen 38.65% since April 26, 2016 and is uptrending. It has outperformed by 33.24% the S&P500.

Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus new European copper firm focused on the re-start of production at the Rio Tinto Copper Project. The company has a market cap of 172.33 million GBP. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. It currently has negative earnings.

According to Zacks Investment Research, “ASIA TIME CORP is a distributor of watch movements and components used in the manufacture and assembly of watches to a wide variety of timepiece manufacturers.”

ATYM Company Profile

Asia Time Corporation, incorporated on January 3, 2006, is a distributor of watch movements components used in the manufacture and assembly of watches to a variety of timepiece manufacturers. The Company’s core customer base consists primarily of wholesalers, and medium-to-large-sized watch manufacturers that produce watches primarily for consumer sale. To a lesser extent, it creates watches for manufacturers and exporters of watches, and makes and distributes complete watches primarily to Internet marketers. Asia Time Corporation has distribution centers and sales offices throughout Hong Kong and the People’s Republic of China. The Firm distributes more than 350 products from over 30 vendors, including Citizen Group, Seiko Corporation and Ronda AG, to a base of over 300 clients primarily through its direct sales force. As a part and included in its sale of watch movements, the Company provides a variety of value-added services, including automated inventory management services, integration, design and development, management, and support services. Asia Time Corporation offers over 350 items. The Company’s products primarily consist of watch movements, and to a lesser extent, complete watches.

More recent Atalaya Mining PLC (LON:ATYM) news were published by: Marketwired.com which released: “Atalaya Mining plc: Filing of NI 43-101 Technical Report” on September 29, 2016. Also Marketwired.com published the news titled: “Atalaya Mining PLC Announces Q3 2016 Operational Update” on October 11, 2016. Marketwired.com‘s news article titled: “Atalaya Mining PLC: Updated Reserves and Resources Statement” with publication date: July 14, 2016 was also an interesting one.

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