Atalaya Mining (LON:ATYM) Reaches New 1-Year Low – Time to Sell?

Atalaya Mining Plc (LON:ATYM) reached a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at GBX 339 ($4.40).

Wall Street Analysts Forecast Growth

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

Atalaya Mining Stock Down 2.7 %

The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 7.71. The company has a market capitalization of £562.41 million, a price-to-earnings ratio of 20.45, a P/E/G 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.

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.