Atalaya Mining (LON:ATYM) Reaches New 1-Year High – Still a Buy?

Atalaya Mining Plc (LON:ATYM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 775 and last traded at GBX 769, with a volume of 1366141 shares traded. The stock had previously closed at GBX 756.05.

Analyst Ratings Changes

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

Atalaya Mining Trading Up 0.2%

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 £1.09 billion, a PE ratio of 13.67, a PEG ratio of -2.02 and a beta of 1.64. The stock has a 50 day moving average price of GBX 685.20 and a 200 day moving average price of GBX 562.77.

Insider Buying and Selling at Atalaya Mining

In related news, insider Jesus Fernandez Lopez sold 70,000 shares of Atalaya Mining stock in a transaction dated Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000. 31.43% of the stock is owned by corporate insiders.

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.