Atalaya Mining (LON:ATYM) Sets New 1-Year High – Here’s What Happened

Shares of Atalaya Mining Plc (LON:ATYM) reached a new 52-week high on Thursday . The company traded as high as GBX 775 and last traded at GBX 769, with a volume of 1366141 shares changing hands. The stock had previously closed at GBX 756.05.

Wall Street Analyst Weigh In

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

Atalaya Mining Stock Up 1.7%

The company has a market cap of £1.08 billion, a P/E ratio of 13.56, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a 50-day simple moving average of GBX 680.32 and a 200 day simple moving average of GBX 558.79. 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

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining 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 owned by corporate insiders.

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.