Atalaya Mining (LON:ATYM) Sets New 52-Week High – Should You Buy?

Atalaya Mining Plc (LON:ATYM)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,064 and last traded at GBX 1,050, with a volume of 604136 shares traded. The stock had previously closed at GBX 980.96.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATYM. Canaccord Genuity Group restated a “buy” rating and issued a GBX 830 price target on shares of Atalaya Mining in a research note on Thursday, November 13th. Peel Hunt reissued a “buy” rating and issued a GBX 705 target price on shares of Atalaya Mining in a report on Thursday, November 13th. Royal Bank Of Canada upped their target price on shares of Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Berenberg Bank boosted their price target 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. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Atalaya Mining currently has a consensus rating of “Buy” and an average target price of GBX 902.50.

Atalaya Mining Stock Down 0.4%

The company has a fifty day moving average price of GBX 815.62 and a 200-day moving average price of GBX 656.74. 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 firm has a market capitalization of £1.47 billion, a PE ratio of 18.45, 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.