Atalaya Mining (LON:ATYM) Hits New 12-Month High – Here’s What Happened

Atalaya Mining Plc (LON:ATYM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 830 and last traded at GBX 826.96, with a volume of 367452 shares traded. The stock had previously closed at GBX 816.

Analyst Upgrades and Downgrades

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

Atalaya Mining Trading Down 0.7%

The business’s 50 day simple moving average is GBX 721.18 and its two-hundred day simple moving average is GBX 595.36. The stock has a market cap of £1.20 billion, a P/E ratio of 15.06, a PEG ratio of -2.02 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

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. 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.