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

Atalaya Mining Plc (LON:ATYM) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 916.75 and traded as low as GBX 682. Atalaya Mining shares last traded at GBX 686.93, with a volume of 401,076 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,090 price objective on shares of Atalaya Mining in a report on Thursday, March 19th. Berenberg Bank lowered their target price on shares of Atalaya Mining from GBX 1,270 to GBX 1,210 and set a “buy” rating for the company in a report on Friday, March 20th. Finally, Royal Bank Of Canada raised their price target on shares of Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,020.

Atalaya Mining Trading Up 1.2%

The company has a market capitalization of £1.06 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of -2.02 and a beta of 1.35. The company has a debt-to-equity ratio of 8.28, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a fifty day moving average price of GBX 916.75 and a 200-day moving average price of GBX 787.16.

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.