Atalaya Mining (LON:ATYM) Reaches New 1-Year High – Time to Buy?

Atalaya Mining Plc (LON:ATYM)’s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 692 and last traded at GBX 690, with a volume of 527624 shares changing hands. The stock had previously closed at GBX 675.

Analyst Ratings Changes

Several research analysts have weighed in on ATYM shares. Canaccord Genuity Group increased their price target on shares of Atalaya Mining from GBX 580 to GBX 830 and gave the company a “buy” rating in a report on Tuesday. Berenberg Bank increased their price target on shares of Atalaya Mining from GBX 620 to GBX 630 and gave the company a “buy” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 671.67.

Atalaya Mining Price Performance

The company’s fifty day moving average price is GBX 609.32 and its 200 day moving average price is GBX 505.11. The company has a market capitalization of £972.64 million, a P/E ratio of 13.52, 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.

Insider Activity at Atalaya Mining

In other news, insider Jesus Fernandez Lopez sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. Corporate insiders own 31.43% of the company’s stock.

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.