Atalaya Mining (LON:ATYM) Stock Passes Above 50-Day Moving Average – Here’s Why

Atalaya Mining Plc (LON:ATYMGet Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 863.75 and traded as high as GBX 943. Atalaya Mining shares last traded at GBX 939, with a volume of 46,980,082 shares trading hands.

Analysts Set New Price Targets

ATYM has been the subject of several analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,100 price target on shares of Atalaya Mining in a research report on Tuesday, August 11th. Royal Bank Of Canada increased 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 report on Monday, July 20th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,180 price objective on shares of Atalaya Mining in a research note on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atalaya Mining has an average rating of “Buy” and an average target price of GBX 1,021.25.

View Our Latest Stock Report on ATYM

Atalaya Mining Stock Performance

The business has a 50 day moving average of GBX 863.75 and a 200 day moving average of GBX 849.78. The firm has a market capitalization of £1.44 billion, a price-to-earnings ratio of 16.83, a PEG ratio of -2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64.

Atalaya Mining Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Atalaya Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atalaya Mining and related companies with MarketBeat.com's FREE daily email newsletter.