Atalaya Mining Plc (LON:ATYM – Get Rating)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 356.27 ($4.28) and traded as low as GBX 345 ($4.15). Atalaya Mining shares last traded at GBX 346 ($4.16), with a volume of 165,433 shares.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ATYM. Berenberg Bank lifted their price objective on shares of Atalaya Mining from GBX 310 ($3.73) to GBX 470 ($5.65) and gave the stock a “buy” rating in a research note on Tuesday, January 17th. Bank of America lifted their price objective on shares of Atalaya Mining from GBX 370 ($4.45) to GBX 420 ($5.05) and gave the stock a “buy” rating in a research note on Monday, January 23rd. Finally, Canaccord Genuity Group boosted their target price on shares of Atalaya Mining from GBX 570 ($6.85) to GBX 600 ($7.22) and gave the company a “buy” rating in a research report on Thursday, February 23rd.
Atalaya Mining Stock Down 2.5 %
The firm’s 50-day moving average price is GBX 356.27 and its 200 day moving average price is GBX 293. The company has a market capitalization of £483.98 million, a price-to-earnings ratio of 1,048.48, a PEG ratio of -2.02 and a beta of 1.70. The company has a current ratio of 2.07, a quick ratio of 1.64 and a debt-to-equity ratio of 12.48.
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 its 100% owned Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It produces copper concentrates, including silver by-products.
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