Atalaya Mining (LON:ATYM) Sets New 1-Year High - Still a Buy?

Key Points

• Atalaya Mining's stock reached a new 52-week high, trading as high as GBX 572 ($7.73), with a recent closing price of GBX 567 ($7.66) and a volume of 236,330 shares.
• Brokerages have a consensus rating of "Moderate Buy" for Atalaya Mining, with target prices ranging from GBX 510 to GBX 580.
• The company, a European copper producer, operates the Proyecto Riotinto complex in Spain and has a market capitalization of £795.29 million.

Atalaya Mining Plc (LON:ATYM - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 572 ($7.73) and last traded at GBX 567 ($7.66), with a volume of 236330 shares trading hands. The stock had previously closed at GBX 560 ($7.57).

Analyst Ratings Changes

A number of brokerages have commented on ATYM. Berenberg Bank restated a "hold" rating and issued a GBX 510 target price on shares of Atalaya Mining in a research note on Tuesday, August 12th. Canaccord Genuity Group decreased their target price on Atalaya Mining from GBX 590 to GBX 580 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 548.33.

Atalaya Mining Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The company has a 50-day moving average price of GBX 506.27 and a 200-day moving average price of GBX 438.09. The firm has a market capitalization of £795.29 million, a price-to-earnings ratio of 1,105.68, a P/E/G 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.

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