Canaccord Genuity Group Has Lowered Expectations for Atalaya Mining (LON:ATYM) Stock Price

Atalaya Mining (LON:ATYM) had its price target decreased by Canaccord Genuity Group from GBX 555 ($7.17) to GBX 520 ($6.71) in a research report report published on Wednesday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Atalaya Mining Price Performance

Atalaya Mining stock opened at GBX 357 ($4.61) on Wednesday. Atalaya Mining has a one year low of GBX 322.50 ($4.16) and a one year high of GBX 493.50 ($6.37). The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53. The business has a fifty day moving average of GBX 367.94 and a two-hundred day moving average of GBX 366.27. The company has a market cap of £608.43 million, a P/E ratio of 22.13, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

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.