Atalaya Mining (LON:ATYM) Hits New 52-Week High on Analyst Upgrade

Atalaya Mining Plc (LON:ATYM - Get Free Report) hit a new 52-week high on Tuesday after Berenberg Bank raised their price target on the stock from GBX 500 to GBX 510. Berenberg Bank currently has a hold rating on the stock. Atalaya Mining traded as high as GBX 484.50 ($6.50) and last traded at GBX 475.82 ($6.39), with a volume of 201211 shares traded. The stock had previously closed at GBX 480 ($6.44).

Separately, Canaccord Genuity Group boosted their target price on shares of Atalaya Mining from GBX 525 ($7.05) to GBX 590 ($7.92) and gave the company a "buy" rating in a research note on Tuesday.

Atalaya Mining Trading Down 0.5%

The firm has a market capitalization of £810.38 million, a PE ratio of 29.47, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The stock's 50-day moving average price is GBX 443.21 and its 200 day moving average price is GBX 390.86. 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.