Canaccord Genuity Group Issues Pessimistic Forecast for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price objective trimmed by Canaccord Genuity Group from GBX 555 ($7.22) to GBX 520 ($6.76) in a report published on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

Atalaya Mining Stock Up 1.1 %

ATYM stock opened at GBX 380 ($4.94) on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The company’s 50-day moving average price is GBX 368.23 and its 200 day moving average price is GBX 366.48. Atalaya Mining has a 52 week low of GBX 322.50 ($4.20) and a 52 week high of GBX 493.50 ($6.42). The company has a market cap of £647.62 million, a P/E ratio of 23.55, a P/E/G ratio of -2.02 and a beta of 1.64.

About Atalaya Mining

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya’s shares trade on the London Stock Exchange’s Main Market under the symbol “ATYM”.

Atalaya’s operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.