Atalaya Mining (LON:ATYM) Reaches New 1-Year High - Here's What Happened

Atalaya Mining Plc (LON:ATYM - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 476.50 ($6.48) and last traded at GBX 467.52 ($6.36), with a volume of 30016 shares traded. The stock had previously closed at GBX 465 ($6.32).

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Berenberg Bank upped their price objective on shares of Atalaya Mining from GBX 420 ($5.71) to GBX 500 ($6.80) and gave the stock a "hold" rating in a research report on Thursday, July 3rd. Canaccord Genuity Group restated a "buy" rating and set a GBX 525 ($7.14) price objective on shares of Atalaya Mining in a research report on Thursday, May 29th.

Atalaya Mining Trading Down 0.4%

The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The firm's 50 day simple moving average is GBX 434.13 and its two-hundred day simple moving average is GBX 386.01. The stock has a market cap of £789.08 million, a P/E ratio of 28.70, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

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.