Atalaya Mining (LON:ATYM) Reaches New 52-Week High – Time to Buy?

Shares of Atalaya Mining Plc (LON:ATYM) hit a new 52-week high on Monday . The company traded as high as GBX 877 and last traded at GBX 874.90, with a volume of 193220 shares trading hands. The stock had previously closed at GBX 853.

Analyst Ratings Changes

ATYM has been the subject of a number of research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 830 target price on shares of Atalaya Mining in a report on Thursday, November 13th. Peel Hunt reissued a “buy” rating and set a GBX 705 price target on shares of Atalaya Mining in a research report on Thursday, November 13th. Berenberg Bank upgraded shares of Atalaya Mining to a “buy” rating and lifted their price objective for the company from GBX 630 to GBX 760 in a research note on Wednesday, November 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 800 price objective on shares of Atalaya Mining in a research note on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 773.75.

Atalaya Mining Stock Down 4.4%

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’s 50 day moving average price is GBX 744.85 and its 200 day moving average price is GBX 610.09. The firm has a market cap of £1.26 billion, a price-to-earnings ratio of 15.75, a PEG ratio of -2.02 and a beta 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.