Insider Selling: Atalaya Mining (LON:ATYM) Insider Sells £434,000 in Stock

Atalaya Mining Plc (LON:ATYM) insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000.

Atalaya Mining Trading Up 3.4%

Shares of LON:ATYM opened at GBX 661 on Friday. The firm has a fifty day moving average of GBX 531.81 and a two-hundred day moving average of GBX 452.80. The firm has a market capitalization of £930.42 million, a P/E ratio of 1,293.54, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. Atalaya Mining Plc has a 12-month low of GBX 275.29 and a 12-month high of GBX 661. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 510 target price on shares of Atalaya Mining in a research note on Tuesday, August 12th. Canaccord Genuity Group decreased their target price on shares of Atalaya Mining from GBX 590 to GBX 580 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 548.33.

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.