Atalaya Mining (LON:ATYM) Sets New 52-Week High – Still a Buy?

Atalaya Mining Plc (LON:ATYM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 948 and last traded at GBX 943, with a volume of 407769 shares trading hands. The stock had previously closed at GBX 945.

Wall Street Analyst Weigh In

ATYM has been the topic of several recent analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 705 price target on shares of Atalaya Mining in a research note on Thursday, November 13th. Berenberg Bank raised their price objective on Atalaya Mining from GBX 930 to GBX 1,000 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada lifted their target price on Atalaya Mining from GBX 1,000 to GBX 1,075 and gave the company an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 830 target price on shares of Atalaya Mining in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atalaya Mining currently has a consensus rating of “Buy” and a consensus target price of GBX 902.50.

Atalaya Mining Stock Down 0.1%

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 capitalization of £1.34 billion, a P/E ratio of 16.84, a PEG ratio of -2.02 and a beta of 1.64. The stock has a 50 day moving average price of GBX 801.46 and a 200 day moving average price of GBX 646.34.

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. 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.