Atalaya Mining (LON:ATYM) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Atalaya Mining Plc (LON:ATYM) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 391.46 ($5.31) and traded as high as GBX 458 ($6.21). Atalaya Mining shares last traded at GBX 452.50 ($6.13), with a volume of 327,829 shares traded.

Analyst Ratings Changes

A number of analysts have issued reports on ATYM shares. Berenberg Bank reissued a “hold” rating and set a GBX 420 ($5.69) price target on shares of Atalaya Mining in a research report on Tuesday, April 15th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 525 ($7.12) price target on shares of Atalaya Mining in a report on Thursday, May 29th.

Atalaya Mining Trading Down 1.2%

The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The business’s fifty day moving average is GBX 391.46 and its 200 day moving average is GBX 371.71. The stock has a market cap of £761.81 million, a PE ratio of 27.71, a P/E/G ratio of -2.02 and a beta of 1.64.

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.