Atalaya Mining (LON:ATYM) Sets New 12-Month High Following Analyst Upgrade

Atalaya Mining Plc (LON:ATYM)’s share price hit a new 52-week high during trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from GBX 525 to GBX 590. Canaccord Genuity Group currently has a buy rating on the stock. Atalaya Mining traded as high as GBX 484.50 ($6.49) and last traded at GBX 475.82 ($6.37), with a volume of 201211 shares changing hands. The stock had previously closed at GBX 480 ($6.43).

Separately, Berenberg Bank upped their price objective on Atalaya Mining from GBX 420 ($5.62) to GBX 500 ($6.69) and gave the company a “hold” rating in a research report on Thursday, July 3rd.

Atalaya Mining Price Performance

The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The firm has a market cap of £814.64 million, a P/E ratio of 29.63, a PEG ratio of -2.02 and a beta of 1.64. The firm has a 50-day simple moving average of GBX 441.83 and a 200-day simple moving average of GBX 390.27.

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.