M Partners Weighs in on Atico Mining Corp’s FY2020 Earnings (CVE:ATY)

Atico Mining Corp (CVE:ATY) – M Partners upped their FY2020 EPS estimates for Atico Mining in a note issued to investors on Tuesday, September 15th. M Partners analyst R. Department now anticipates that the company will post earnings of $0.28 per share for the year, up from their previous estimate of $0.26. M Partners has a “Buy” rating on the stock.

Atico Mining (CVE:ATY) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$17.17 million during the quarter.

Shares of CVE:ATY opened at C$0.61 on Wednesday. The business’s 50 day simple moving average is C$0.48 and its two-hundred day simple moving average is C$0.34. The firm has a market cap of $28.57 million and a P/E ratio of 19.68. The company has a debt-to-equity ratio of 11.47, a quick ratio of 1.02 and a current ratio of 1.91. Atico Mining has a 52-week low of C$0.16 and a 52-week high of C$0.67.

About Atico Mining

Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin America. The company also explores for silver deposits. Its principal project is the El Roble mine, which covers an area of 6,679 hectares located in Choco, Colombia. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

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