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

Atalaya Mining (LON:ATYM) had its price objective decreased by equities researchers at Canaccord Genuity Group from GBX 555 ($7.20) to GBX 520 ($6.74) in a note issued to investors on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 38.48% from the stock’s previous close.

Atalaya Mining Stock Performance

Shares of ATYM opened at GBX 375.50 ($4.87) on Wednesday. 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 stock has a 50 day moving average price of GBX 368.30 and a two-hundred day moving average price of GBX 366.54. The firm has a market capitalization of £639.96 million, a P/E ratio of 23.27, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 52 week low of GBX 322.50 ($4.18) and a 52 week high of GBX 493.50 ($6.40).

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.