Atalaya Mining (LON:ATYM) Reaches New 1-Year High – Should You Buy?

Atalaya Mining Plc (LON:ATYM)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 796 and last traded at GBX 795, with a volume of 107316 shares changing hands. The stock had previously closed at GBX 771.

Analyst Ratings Changes

ATYM has been the topic of a number of analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 800 target price on shares of Atalaya Mining in a research report on Friday, November 14th. Peel Hunt reissued a “buy” rating and set a GBX 705 price target on shares of Atalaya Mining in a research note on Thursday, November 13th. Berenberg Bank upgraded Atalaya Mining to a “buy” rating and raised their price objective for the stock from GBX 630 to GBX 760 in a report on Wednesday, November 19th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 830 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 773.75.

Atalaya Mining Stock Performance

The company has a market cap of £1.11 billion, a PE ratio of 13.93, a P/E/G ratio of -2.02 and a beta of 1.64. The stock’s 50 day simple moving average is GBX 689.91 and its two-hundred day simple moving average is GBX 569.61. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

Insiders Place Their Bets

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction on Monday, September 29th. The stock was sold at an average price of GBX 620, for a total value of £434,000. Insiders own 31.43% of the company’s stock.

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.