Atalaya Mining (LON:ATYM) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Atalaya Mining Plc (LON:ATYM) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 354.25 ($4.31) and traded as high as GBX 365.50 ($4.45). Atalaya Mining shares last traded at GBX 359.50 ($4.37), with a volume of 97,566 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of Atalaya Mining from GBX 585 ($7.12) to GBX 555 ($6.75) and set a “buy” rating on the stock in a report on Wednesday, November 13th. Berenberg Bank reduced their target price on Atalaya Mining from GBX 480 ($5.84) to GBX 460 ($5.60) and set a “hold” rating on the stock in a research report on Monday, October 14th.

Atalaya Mining Price Performance

The firm has a market cap of £506.03 million, a PE ratio of 1,797.50, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The stock has a 50 day simple moving average of GBX 354.25 and a two-hundred day simple moving average of GBX 370.41. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.64 and a current ratio of 1.65.

Insider Activity at Atalaya Mining

In other news, insider Jesus Fernandez Lopez purchased 13,912 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 350 ($4.26) per share, for a total transaction of £48,692 ($59,243.22). 31.43% of the stock is owned by company insiders.

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 (Premium Segment) 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.