Atalaya Mining (LON:ATYM) Reaches New 12-Month Low – Here’s What Happened

Shares of Atalaya Mining Plc (LON:ATYM) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 321.50 ($4.15) and last traded at GBX 327.50 ($4.22), with a volume of 143637 shares. The stock had previously closed at GBX 339 ($4.37).

Analyst Ratings Changes

Several analysts have recently commented on the stock. Berenberg Bank reissued a “hold” rating and set a GBX 420 ($5.42) price target on shares of Atalaya Mining in a research note on Tuesday, March 18th. Canaccord Genuity Group decreased their price objective on Atalaya Mining from GBX 555 ($7.16) to GBX 520 ($6.71) and set a “buy” rating on the stock in a research report on Wednesday, March 19th.

Atalaya Mining Stock Down 5.3 %

The firm’s 50 day moving average price is GBX 366.29 and its 200-day moving average price is GBX 365.51. The company has a current ratio of 1.53, a quick ratio of 1.64 and a debt-to-equity ratio of 7.71. The company has a market cap of £517.25 million, a P/E ratio of 18.81, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

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.