Atalaya Mining (LON:ATYM) Hits New 1-Year High After Analyst Upgrade

Atalaya Mining Plc (LON:ATYM)’s stock price hit a new 52-week high during trading on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 530 to GBX 580. Canaccord Genuity Group currently has a buy rating on the stock. Atalaya Mining traded as high as GBX 452.50 ($5.59) and last traded at GBX 447.05 ($5.52), with a volume of 206223 shares trading hands. The stock had previously closed at GBX 441.50 ($5.45).

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 410 ($5.06) price objective on shares of Atalaya Mining in a research report on Thursday, April 11th.

Atalaya Mining Trading Up 0.3 %

The firm has a market cap of £619.76 million, a price-to-earnings ratio of 1,926.09, a price-to-earnings-growth ratio of -2.02 and a beta of 1.65. The business has a 50 day moving average of GBX 377.20 and a 200 day moving average of GBX 341.68. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 14.43.

About Atalaya Mining

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.