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

Atalaya Mining logo with Basic Materials background

Key Points

  • Atalaya Mining's share price reached a new 52-week high of GBX 539.85 ($7.25) during mid-day trading, with the last recorded price at GBX 515.50 ($6.92).
  • Brokerages have mixed forecasts, with Berenberg Bank maintaining a "hold" rating and setting a price target of GBX 510 ($6.85), while Canaccord Genuity cut their target from GBX 590 ($7.92) to GBX 580 ($7.79) and retained a "buy" rating.
  • The company has a debt-to-equity ratio of 7.71 and a market cap of £867.48 million, indicating a significant financial profile amidst its operations in European copper production.
  • Want stock alerts on Atalaya Mining? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Atalaya Mining Plc (LON:ATYM - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 539.85 ($7.30) and last traded at GBX 515.50 ($6.97), with a volume of 891832 shares trading hands. The stock had previously closed at GBX 478 ($6.47).

Wall Street Analysts Forecast Growth

ATYM has been the topic of several research reports. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 510 ($6.90) price objective on shares of Atalaya Mining in a research report on Tuesday. Canaccord Genuity Group cut their price objective on shares of Atalaya Mining from GBX 590 ($7.98) to GBX 580 ($7.85) and set a "buy" rating on the stock in a research report on Tuesday.

View Our Latest Research Report on Atalaya Mining

Atalaya Mining Stock Down 0.2%

The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The firm's 50 day simple moving average is GBX 465.40 and its 200-day simple moving average is GBX 406.31. The stock has a market capitalization of £876.00 million, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

About Atalaya Mining

(Get Free Report)

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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