Atalaya Mining (LON:ATYM) Reaches New 12-Month High - Should You Buy?

Atalaya Mining Plc (LON:ATYM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 490 ($6.58) and last traded at GBX 487.50 ($6.55), with a volume of 135466 shares. The stock had previously closed at GBX 479 ($6.44).

Analysts Set New Price Targets

ATYM has been the subject of a number of research reports. Berenberg Bank upped their target price on shares of Atalaya Mining from GBX 500 ($6.72) to GBX 510 ($6.85) and gave the stock a "hold" rating in a report on Tuesday, July 15th. Canaccord Genuity Group upped their price objective on shares of Atalaya Mining from GBX 525 ($7.05) to GBX 590 ($7.93) and gave the company a "buy" rating in a report on Tuesday, July 15th.

Atalaya Mining Price Performance

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's fifty day moving average is GBX 452.26 and its 200-day moving average is GBX 396.50. The stock has a market cap of £823.17 million, a PE ratio of 29.94, a price-to-earnings-growth ratio of -2.02 and a beta 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.