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Atalaya Mining (LON:ATYM) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Atalaya Mining logo with Basic Materials background

Atalaya Mining Plc (LON:ATYM - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 421.80 ($5.80) and traded as high as GBX 476 ($6.54). Atalaya Mining shares last traded at GBX 466.50 ($6.41), with a volume of 151,528 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Canaccord Genuity Group restated a "buy" rating and issued a GBX 525 ($7.21) price target on shares of Atalaya Mining in a research note on Thursday, May 29th. Berenberg Bank reissued a "hold" rating and set a GBX 420 ($5.77) target price on shares of Atalaya Mining in a report on Tuesday, April 15th.

Read Our Latest Report on ATYM

Atalaya Mining Stock Performance

The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53. The company has a market cap of £787.38 million, a P/E ratio of 28.64, a P/E/G ratio of -2.02 and a beta of 1.64. The stock's fifty day moving average price is GBX 425.71 and its two-hundred day moving average price is GBX 381.79.

Atalaya Mining Company Profile

(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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