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

Atalaya Mining (LON:ATYM) had its price objective cut by Canaccord Genuity Group from GBX 585 ($7.37) to GBX 555 ($6.99) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank dropped their price target on Atalaya Mining from GBX 480 ($6.05) to GBX 460 ($5.80) and set a “hold” rating on the stock in a research report on Monday, October 14th.

Atalaya Mining Price Performance

ATYM stock opened at GBX 343 ($4.32) on Wednesday. The firm has a 50-day moving average of GBX 373.68 and a 200 day moving average of GBX 394.86. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.65 and a quick ratio of 1.64. The company has a market cap of £482.81 million, a P/E ratio of 1,715.00, a PEG ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 1 year low of GBX 301 ($3.79) and a 1 year high of GBX 493.50 ($6.22).

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.