Atalaya Mining (LON:ATYM) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Atalaya Mining Plc (LON:ATYM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 381.19 ($4.84) and traded as low as GBX 346.50 ($4.40). Atalaya Mining shares last traded at GBX 346.50 ($4.40), with a volume of 119,080 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATYM shares. Canaccord Genuity Group lowered their price target on shares of Atalaya Mining from GBX 585 ($7.42) to GBX 555 ($7.04) and set a “buy” rating for the company in a report on Wednesday, November 13th. Berenberg Bank lowered their price objective on shares of Atalaya Mining from GBX 480 ($6.09) to GBX 460 ($5.84) and set a “hold” rating for the company in a research note on Monday, October 14th.

Atalaya Mining Trading Down 0.9 %

The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.64 and a current ratio of 1.65. The stock has a market capitalization of £483.51 million, a P/E ratio of 1,732.50, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The stock has a 50-day moving average price of GBX 362.33 and a two-hundred day moving average price of GBX 381.19.

Insider Buying and Selling

In related news, insider Jesus Fernandez Lopez purchased 13,912 shares of Atalaya Mining stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 350 ($4.44) per share, for a total transaction of £48,692 ($61,776.20). 31.43% of the stock is currently 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.