Atalaya Mining (LON:ATYM) Reaches New 1-Year High – Here’s Why

Shares of Atalaya Mining Plc (LON:ATYM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 877 and last traded at GBX 874.90, with a volume of 193220 shares changing hands. The stock had previously closed at GBX 853.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATYM shares. Berenberg Bank raised Atalaya Mining to a “buy” rating and raised their price target for the stock from GBX 630 to GBX 760 in a report on Wednesday, November 19th. 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 800 target price on shares of Atalaya Mining in a report on Friday, November 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 830 price target on shares of Atalaya Mining in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 773.75.

Atalaya Mining Stock Up 2.6%

The company has a market cap of £1.23 billion, a PE ratio of 15.43, a P/E/G ratio of -2.02 and a beta of 1.64. The stock has a 50-day moving average of GBX 734.08 and a 200-day moving average of GBX 603.62. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71.

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.