Peel Hunt Reaffirms “Buy” Rating for Atalaya Mining (LON:ATYM)
Peel Hunt reaffirmed their buy rating on shares of Atalaya Mining (LON:ATYM) in a research report report published on Thursday morning, Digital Look reports. The firm currently has a GBX 310 ($4.05) price objective on the stock.
Shares of ATYM stock opened at GBX 200 ($2.61) on Thursday. Atalaya Mining has a twelve month low of GBX 188 ($2.46) and a twelve month high of GBX 265 ($3.46). The stock has a market capitalization of $274.68 million and a price-to-earnings ratio of 7.30. The stock has a fifty day simple moving average of GBX 209.67 and a two-hundred day simple moving average of GBX 219.05.
In other news, insider Alberto Lavandeira bought 50,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average cost of GBX 207 ($2.70) per share, for a total transaction of £103,500 ($135,241.08).
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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