Atalaya Mining (LON:ATYM) Hits New 1-Year High – What’s Next?

Shares of Atalaya Mining Plc (LON:ATYM) reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,064 and last traded at GBX 1,050, with a volume of 604136 shares. The stock had previously closed at GBX 980.96.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ATYM shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 830 price objective on shares of Atalaya Mining in a research report on Thursday, November 13th. Berenberg Bank upped their target price on shares of Atalaya Mining from GBX 930 to GBX 1,000 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada lifted their price target on shares of Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Peel Hunt reissued a “buy” rating and set a GBX 705 price objective on shares of Atalaya Mining in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 902.50.

Atalaya Mining Stock Performance

The business has a fifty day simple moving average of GBX 831.86 and a two-hundred day simple moving average of GBX 663.55. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The company has a market cap of £1.48 billion, a P/E ratio of 18.48, a P/E/G ratio of -2.02 and a beta of 1.64.

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. 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.