Atalaya Mining (LON:ATYM) Share Price Crosses Above Fifty Day Moving Average of $433.69

Atalaya Mining Plc (LON:ATYM) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 433.69 ($5.56) and traded as high as GBX 437 ($5.60). Atalaya Mining shares last traded at GBX 424.50 ($5.44), with a volume of 88,482 shares trading hands.

Wall Street Analyst Weigh In

ATYM has been the topic of several research reports. Berenberg Bank upped their target price on Atalaya Mining from GBX 410 ($5.25) to GBX 480 ($6.15) and gave the company a “hold” rating in a report on Tuesday, May 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 595 ($7.62) target price on shares of Atalaya Mining in a research note on Friday, June 21st.

Atalaya Mining Trading Down 1.1 %

The business has a 50 day simple moving average of GBX 433.69 and a two-hundred day simple moving average of GBX 387.12. The company has a market cap of £587.93 million, a PE ratio of 1,845.65, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 14.43.

Atalaya Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 9th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a dividend yield of 0.71%. Atalaya Mining’s payout ratio is currently 3,043.48%.

Insider Activity at Atalaya Mining

In related news, insider Jesus Fernandez Lopez purchased 92,500 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of GBX 400 ($5.12) per share, with a total value of £370,000 ($473,933.65). 31.54% of the stock is owned by insiders.

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.