Atalaya Mining (LON:ATYM) Hits New 52-Week High - Time to Buy?

Atalaya Mining Plc (LON:ATYM - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 476.50 ($6.47) and last traded at GBX 467.52 ($6.35), with a volume of 30016 shares trading hands. The stock had previously closed at GBX 465 ($6.32).

Analyst Ratings Changes

ATYM has been the subject of a number of research reports. Berenberg Bank increased their price target on shares of Atalaya Mining from GBX 420 ($5.71) to GBX 500 ($6.79) and gave the stock a "hold" rating in a research note on Thursday, July 3rd. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 525 ($7.13) price target on shares of Atalaya Mining in a research note on Thursday, May 29th.

Atalaya Mining Trading Down 0.2%

The company has a market capitalization of £787.38 million, a P/E ratio of 28.64, a P/E/G ratio of -2.02 and a beta of 1.64. The stock's 50 day moving average is GBX 437.62 and its 200-day moving average is GBX 387.35. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio 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.