Atalaya Mining (LON:ATYM) Hits New 12-Month High - Should You Buy?

Key Points

• Atalaya Mining shares reached a new 52-week high of GBX 625 ($8.38) during trading, marking an increase from the previous close of GBX 597 ($8.00).
• Analyst ratings for Atalaya Mining show a consensus of "Moderate Buy," with an average price target of GBX 548.33.
• The company holds a market capitalization of £879.74 million and features significant financial ratios, including a debt-to-equity ratio of 7.71.

Shares of Atalaya Mining Plc (LON:ATYM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 625 ($8.38) and last traded at GBX 622.95 ($8.35), with a volume of 1303152 shares trading hands. The stock had previously closed at GBX 597 ($8.00).

Analyst Ratings Changes

Several brokerages recently issued reports on ATYM. Berenberg Bank reissued a "hold" rating and set a GBX 510 price objective on shares of Atalaya Mining in a report on Tuesday, August 12th. Canaccord Genuity Group cut their price objective on shares of Atalaya Mining from GBX 590 to GBX 580 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 548.33.

Atalaya Mining Stock Up 4.7%

The company's fifty day simple moving average is GBX 516.18 and its 200-day simple moving average is GBX 444.63. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The firm has a market capitalization of £879.74 million, a PE ratio of 1,223.09, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.