Atalaya Mining (LON:ATYM) Reaches New 52-Week Low on Analyst Downgrade
Atalaya Mining PLC (LON:ATYM)’s share price reached a new 52-week low on Tuesday after Peel Hunt lowered their price target on the stock from GBX 305 to GBX 240. Peel Hunt currently has a buy rating on the stock. Atalaya Mining traded as low as GBX 82 ($1.08) and last traded at GBX 87.50 ($1.15), with a volume of 44105 shares trading hands. The stock had previously closed at GBX 88 ($1.16).
Separately, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 380 ($5.00) price target on shares of Atalaya Mining in a research note on Monday, November 25th.
In other Atalaya Mining news, insider Alberto Lavandeira acquired 30,000 shares of Atalaya Mining stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of GBX 176 ($2.32) per share, with a total value of £52,800 ($69,455.41).
About Atalaya Mining (LON:ATYM)
Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties in Europe. It holds a 100% interest in the Proyecto Riotinto project, an open-pit copper mine located in Andalucía, Spain. The company was formerly known as EMED Mining Public Limited and changed its name to Atalaya Mining Plc in October 2015.
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