Atalaya Mining (LON:ATYM) Hits New 1-Year High – Should You Buy?

Atalaya Mining Plc (LON:ATYM)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,100 and last traded at GBX 1,100, with a volume of 825231 shares trading hands. The stock had previously closed at GBX 1,057.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ATYM shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a research note on Tuesday, August 11th. Berenberg Bank reissued a “buy” rating and set a GBX 1,180 price target on shares of Atalaya Mining in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada increased their price objective on shares of Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an “outperform” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 1,021.25.

Atalaya Mining Price Performance

The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.64 and a current ratio of 2.83. The company has a 50-day moving average price of GBX 879.37 and a 200-day moving average price of GBX 850.28. The firm has a market capitalization of £1.69 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of -2.02 and a beta of 1.49.

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.