Atalaya Mining (LON:ATYM) Stock Crosses Below 50 Day Moving Average of $433.82

Atalaya Mining Plc (LON:ATYM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 433.82 ($5.49) and traded as low as GBX 429 ($5.43). Atalaya Mining shares last traded at GBX 436.50 ($5.52), with a volume of 49,843 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATYM shares. Berenberg Bank upped their price target on Atalaya Mining from GBX 410 ($5.19) to GBX 480 ($6.07) and gave the stock a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group restated a “buy” rating and set a GBX 595 ($7.53) target price on shares of Atalaya Mining in a research report on Friday, June 21st.

Atalaya Mining Stock Up 1.5 %

The business has a 50-day moving average of GBX 433.82 and a 200 day moving average of GBX 383.64. The company has a market capitalization of £620.07 million, a PE ratio of 1,897.83, a P/E/G ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.53 and a quick ratio of 1.64.

Insider Transactions at Atalaya Mining

In related news, insider Jesus Fernandez Lopez sold 65,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of GBX 486 ($6.15), for a total value of £315,900 ($399,569.95). Insiders own 31.54% of the company’s stock.

Atalaya Mining Company Profile

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.