Atalaya Mining (LON:ATYM) Sets New 52-Week Low – Here’s Why

Atalaya Mining Plc (LON:ATYM)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 321.50 ($4.17) and last traded at GBX 327.50 ($4.25), with a volume of 143637 shares trading hands. The stock had previously closed at GBX 339 ($4.40).

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of Atalaya Mining from GBX 555 ($7.21) to GBX 520 ($6.75) and set a “buy” rating on the stock in a report on Wednesday, March 19th. Berenberg Bank restated a “hold” rating and set a GBX 420 ($5.45) target price on shares of Atalaya Mining in a research report on Tuesday, March 18th.

Atalaya Mining Stock Down 2.7 %

The stock has a market cap of £562.41 million, a price-to-earnings ratio of 20.45, a PEG ratio of -2.02 and a beta of 1.64. The business’s 50 day moving average is GBX 367.79 and its 200-day moving average is GBX 366.23. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53.

About Atalaya Mining

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.