Atalaya Mining (LON:ATYM) Reaches New 52-Week High – Here’s Why

Atalaya Mining Plc (LON:ATYM) shares hit a new 52-week high on Thursday . The company traded as high as GBX 1,100 and last traded at GBX 1,100, with a volume of 825231 shares trading hands. The stock had previously closed at GBX 1,057.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,100 target price on shares of Atalaya Mining in a research report on Tuesday, August 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,180 price target on shares of Atalaya Mining in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 1,021.25.

Atalaya Mining Stock Up 0.8%

The company has a quick ratio of 1.64, a current ratio of 2.83 and a debt-to-equity ratio of 4.44. The stock has a market capitalization of £1.71 billion, a PE ratio of 19.87, a PEG ratio of -2.02 and a beta of 1.49. The firm’s fifty day moving average is GBX 888.95 and its 200-day moving average is GBX 853.33.

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 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.