Atalaya Mining (LON:ATYM) Hits New 12-Month High on Analyst Upgrade

Atalaya Mining Plc (LON:ATYM) reached a new 52-week high during mid-day trading on Friday after Canaccord Genuity Group raised their price target on the stock from GBX 530 to GBX 580. Canaccord Genuity Group currently has a buy rating on the stock. Atalaya Mining traded as high as GBX 452.50 ($5.59) and last traded at GBX 447.05 ($5.52), with a volume of 206223 shares. The stock had previously closed at GBX 441.50 ($5.45).

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 410 ($5.06) price objective on shares of Atalaya Mining in a research note on Thursday, April 11th.

Atalaya Mining Price Performance

The stock’s 50-day moving average price is GBX 377.20 and its 200 day moving average price is GBX 341.68. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 14.43. The firm has a market capitalization of £619.76 million, a price-to-earnings ratio of 1,926.09, a PEG ratio of -2.02 and a beta of 1.65.

About Atalaya Mining

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It explores for copper concentrates, silver by-products, and gold.