Atalaya Mining (LON:ATYM) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Atalaya Mining Plc (LON:ATYM) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 354.25 ($4.31) and traded as high as GBX 365.50 ($4.45). Atalaya Mining shares last traded at GBX 359.50 ($4.37), with a volume of 97,566 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATYM. Canaccord Genuity Group cut their target price on Atalaya Mining from GBX 585 ($7.12) to GBX 555 ($6.75) and set a “buy” rating on the stock in a report on Wednesday, November 13th. Berenberg Bank cut their target price on Atalaya Mining from GBX 480 ($5.84) to GBX 460 ($5.60) and set a “hold” rating on the stock in a research report on Monday, October 14th.

Atalaya Mining Stock Up 0.8 %

The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 6.27. The firm has a market capitalization of £506.03 million, a P/E ratio of 1,797.50, a P/E/G ratio of -2.02 and a beta of 1.64. The stock’s 50-day simple moving average is GBX 354.25 and its 200-day simple moving average is GBX 370.87.

Insider Activity

In other news, insider Jesus Fernandez Lopez acquired 13,912 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of GBX 350 ($4.26) per share, with a total value of £48,692 ($59,243.22). 31.43% of the stock is currently owned by corporate insiders.

Atalaya Mining Company Profile

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 (Premium Segment) 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.