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Atalaya Mining (LON:ATYM) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Atalaya Mining logo with Basic Materials background

Shares of Atalaya Mining Plc (LON:ATYM - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 421.80 ($5.79) and traded as high as GBX 476 ($6.53). Atalaya Mining shares last traded at GBX 466.50 ($6.40), with a volume of 151,528 shares trading hands.

Analyst Ratings Changes

ATYM has been the subject of several analyst reports. Berenberg Bank restated a "hold" rating and issued a GBX 420 ($5.76) target price on shares of Atalaya Mining in a research note on Tuesday, April 15th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 525 ($7.20) target price on shares of Atalaya Mining in a research note on Thursday, May 29th.

Read Our Latest Report on ATYM

Atalaya Mining Stock Down 1.0%

The company has a market capitalization of £795.04 million, a price-to-earnings ratio of 28.91, a PEG ratio of -2.02 and a beta of 1.64. The stock's fifty day simple moving average is GBX 421.80 and its two-hundred day simple moving average is GBX 380.35. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64.

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.

Further Reading

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