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

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

Wall Street Analyst Weigh In

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

Atalaya Mining Stock Up 2.6%

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 stock has a 50 day simple moving average of GBX 734.08 and a 200 day simple moving average of GBX 603.62. The firm has a market capitalization of £1.23 billion, a PE ratio of 15.43, a PEG ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

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.