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

Key Points

• Atalaya Mining Plc shares reached a new 52-week high at GBX 674 ($8.99) on Monday, with a trading volume of over 1 million shares.
• Analysts have mixed ratings on the stock, with Canaccord Genuity lowering their price target to GBX 580, while Berenberg Bank raised it to GBX 620, resulting in a consensus rating of Moderate Buy.
• Insider Jesus Fernandez Lopez sold 70,000 shares at an average price of GBX 620, amounting to £434,000, reflecting ongoing insider activity amidst a company market cap of £941.68 million.

Shares of Atalaya Mining Plc (LON:ATYM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 674 ($8.99) and last traded at GBX 669 ($8.92), with a volume of 1083678 shares trading hands. The stock had previously closed at GBX 656 ($8.75).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on Atalaya Mining from GBX 590 to GBX 580 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Berenberg Bank lifted their price target on Atalaya Mining from GBX 510 to GBX 620 and gave the company a "hold" rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Atalaya Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 585.

Atalaya Mining Stock Up 2.0%

The business has a 50 day simple moving average of GBX 551.37 and a 200 day simple moving average of GBX 464.16. 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 stock has a market cap of £941.68 million, a PE ratio of 1,309.20, a P/E/G ratio of -2.02 and a beta of 1.64.

Insider Activity

In other news, insider Jesus Fernandez Lopez sold 70,000 shares of the company's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of GBX 620, for a total transaction of £434,000. Company 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.

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