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

Atalaya Mining Plc (LON:ATYM)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 811.25 and traded as high as GBX 822.50. Atalaya Mining shares last traded at GBX 813, with a volume of 630,017 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on ATYM. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,090 target price on shares of Atalaya Mining in a research note on Tuesday, May 26th. Royal Bank Of Canada cut their price target on Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research note on Thursday, April 16th. Finally, Berenberg Bank boosted their price objective on Atalaya Mining from GBX 950 to GBX 980 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 962.50.

Atalaya Mining Stock Performance

The company has a fifty day moving average of GBX 811.25 and a 200-day moving average of GBX 852.02. The company has a current ratio of 3.20, a quick ratio of 1.64 and a debt-to-equity ratio of 2.31. The company has a market capitalization of £1.25 billion, a price-to-earnings ratio of 14.57, a PEG ratio of -2.02 and a beta of 1.50.

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.