Atalaya Mining (LON:ATYM) Hits New 12-Month High – Time to Buy?

Atalaya Mining Plc (LON:ATYM) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 830 and last traded at GBX 826.96, with a volume of 367452 shares traded. The stock had previously closed at GBX 816.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 800 price objective on shares of Atalaya Mining in a report on Friday, November 14th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 830 price target on shares of Atalaya Mining in a research note on Thursday, November 13th. Peel Hunt reissued a “buy” rating and set a GBX 705 price target on shares of Atalaya Mining in a research report on Thursday, November 13th. Finally, Berenberg Bank raised shares of Atalaya Mining to a “buy” rating and raised their price objective for the company from GBX 630 to GBX 760 in a research note on Wednesday, November 19th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 773.75.

Atalaya Mining Trading Up 1.5%

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 company has a market cap of £1.17 billion, a PE ratio of 14.60, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a fifty day simple moving average of GBX 712.95 and a two-hundred day simple moving average of GBX 589.98.

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.