Atalaya Mining (LON:ATYM) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Atalaya Mining Plc (LON:ATYM) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 934.75 and traded as high as GBX 992.32. Atalaya Mining shares last traded at GBX 979.59, with a volume of 11,106,404 shares traded.

Analysts Set New Price Targets

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

Atalaya Mining Stock Performance

The company has a market capitalization of £1.51 billion, a price-to-earnings ratio of 13.89, a PEG ratio of -2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. The stock has a 50 day simple moving average of GBX 934.75 and a two-hundred day simple moving average of GBX 859.40.

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.