Atalaya Mining Plc (LON:ATYM - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 1,005.18 and traded as low as GBX 797.50. Atalaya Mining shares last traded at GBX 803.50, with a volume of 20,751,549 shares changing hands.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Peel Hunt reiterated a "buy" rating and issued a GBX 1,185 target price on shares of Atalaya Mining in a report on Monday, October 12th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 1,100 price objective on shares of Atalaya Mining in a report on Tuesday, August 11th. Berenberg Bank restated a "buy" rating and issued a GBX 1,260 price objective on shares of Atalaya Mining in a report on Friday, October 16th. Finally, Royal Bank Of Canada lifted their price objective on Atalaya Mining from GBX 1,000 to GBX 1,100 and gave the company an "outperform" rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 1,161.25.
Check Out Our Latest Analysis on ATYM
Atalaya Mining Stock Down 2.5%
The company has a debt-to-equity ratio of 4.44, a current ratio of 2.83 and a quick ratio of 1.64. The firm's 50-day moving average price is GBX 1,005.18 and its 200 day moving average price is GBX 891.19. The firm has a market cap of £1.24 billion, a P/E ratio of 11.40, a PEG ratio of -2.02 and a beta of 1.49.
About Atalaya Mining
(
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. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.
Further Reading
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