Atalaya Mining (LON:ATYM) Shares Cross Below 50-Day Moving Average of $433.82

Shares of Atalaya Mining Plc (LON:ATYM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 433.82 ($5.49) and traded as low as GBX 429 ($5.43). Atalaya Mining shares last traded at GBX 436.50 ($5.52), with a volume of 49,843 shares traded.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 595 ($7.53) target price on shares of Atalaya Mining in a research report on Friday, June 21st. Berenberg Bank upped their target price on shares of Atalaya Mining from GBX 410 ($5.19) to GBX 480 ($6.07) and gave the stock a “hold” rating in a research report on Tuesday, May 21st.

Atalaya Mining Price Performance

The firm has a 50-day moving average price of GBX 433.82 and a 200 day moving average price of GBX 383.64. The stock has a market capitalization of £620.07 million, a P/E ratio of 1,897.83, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 14.43, a quick ratio of 1.64 and a current ratio of 1.53.

Insider Buying and Selling at Atalaya Mining

In other news, insider Jesus Fernandez Lopez sold 65,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of GBX 486 ($6.15), for a total value of £315,900 ($399,569.95). Company insiders own 31.54% of the company’s stock.

About Atalaya Mining

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.