Atalaya Mining Plc (LON:ATYM – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 1,005.18 and traded as low as GBX 797.50. Atalaya Mining shares last traded at GBX 803.50, with a volume of 20,751,549 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently weighed in on ATYM. Berenberg Bank reissued a “buy” rating and issued a GBX 1,260 price target on shares of Atalaya Mining in a research note on Friday, October 16th. Royal Bank Of Canada upped their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a research note on Monday, July 20th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a report on Tuesday, August 11th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,185 target price on shares of Atalaya Mining in a research report on Monday, October 12th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 1,161.25.
View Our Latest Stock Analysis on Atalaya Mining
Atalaya Mining Price Performance
The company has a market capitalization of £1.24 billion, a P/E ratio of 11.40, a PEG ratio of -2.02 and a beta of 1.49. The stock’s fifty day simple moving average is GBX 1,005.18 and its 200-day simple moving average is GBX 891.19. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio 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. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.
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