Insider Selling: Atalaya Mining (LON:ATYM) Insider Sells 70,000 Shares of Stock

Atalaya Mining Plc (LON:ATYM) insider Jesus Fernandez Lopez sold 70,000 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of GBX 620, for a total transaction of £434,000.

Atalaya Mining Stock Up 3.4%

Atalaya Mining stock opened at GBX 661 on Friday. The firm has a market cap of £930.42 million, a price-to-earnings ratio of 1,293.54, a P/E/G ratio of -2.02 and a beta of 1.64. 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 Plc has a fifty-two week low of GBX 275.29 and a fifty-two week high of GBX 661. The firm has a fifty day moving average price of GBX 531.81 and a two-hundred day moving average price of GBX 452.80.

Analyst Ratings Changes

A number of research analysts have weighed in on ATYM shares. Canaccord Genuity Group cut their target price on shares of Atalaya Mining from GBX 590 to GBX 580 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Berenberg Bank reissued a “hold” rating and set a GBX 510 target price on shares of Atalaya Mining in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Atalaya Mining presently has an average rating of “Moderate Buy” and an average price target of GBX 548.33.

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.