Atalaya Mining (LON:ATYM) Hits New 1-Year High – What’s Next?

Shares of Atalaya Mining Plc (LON:ATYM) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 948 and last traded at GBX 943, with a volume of 407769 shares. The stock had previously closed at GBX 945.

Analyst Ratings Changes

Several research analysts have recently weighed in on ATYM shares. Peel Hunt reiterated a “buy” rating and issued a GBX 705 price target on shares of Atalaya Mining in a report on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 800 price objective on shares of Atalaya Mining in a research report on Friday, November 14th. Berenberg Bank upped their target price on shares of Atalaya Mining from GBX 930 to GBX 1,000 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 830 target price on shares of Atalaya Mining in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atalaya Mining presently has a consensus rating of “Buy” and an average target price of GBX 833.75.

Atalaya Mining Stock Up 3.0%

The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The company has a market capitalization of £1.37 billion, a P/E ratio of 17.13, a PEG ratio of -2.02 and a beta of 1.64. The firm’s 50 day moving average price is GBX 791.19 and its two-hundred day moving average price is GBX 642.02.

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.