Atalaya Mining (LON:ATYM) Sets New 1-Year High - Time to Buy?

Atalaya Mining Plc (LON:ATYM - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as GBX 470 ($6.45) and last traded at GBX 469.78 ($6.45), with a volume of 271517 shares traded. The stock had previously closed at GBX 451.50 ($6.19).

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Berenberg Bank reiterated a "hold" rating and issued a GBX 420 ($5.76) price objective on shares of Atalaya Mining in a research report on Tuesday, April 15th. Canaccord Genuity Group restated a "buy" rating and set a GBX 525 ($7.20) price target on shares of Atalaya Mining in a research report on Thursday, May 29th.

Atalaya Mining Stock Performance

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 moving average is GBX 421.80 and its two-hundred day moving average is GBX 380.55. The stock has a market cap of £795.04 million, a price-to-earnings ratio of 28.91, a P/E/G ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

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.