Atalaya Mining (LON:ATYM) Reaches New 12-Month High – Should You Buy?

Atalaya Mining Plc (LON:ATYM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 740 and last traded at GBX 736, with a volume of 253873 shares. The stock had previously closed at GBX 711.

Analysts Set New Price Targets

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

Atalaya Mining Stock Up 1.8%

The company has a market cap of £1.04 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The stock has a 50-day simple moving average of GBX 664.15 and a 200-day simple moving average of GBX 545.17. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71.

Insider Buying and Selling at Atalaya Mining

In other Atalaya Mining news, insider Jesus Fernandez Lopez sold 70,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is currently owned by corporate insiders.

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.