Atalaya Mining Plc Announces Dividend of $0.04 (LON:ATYM)

Atalaya Mining Plc (LON:ATYM) announced a dividend on Thursday, July 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 11th will be given a dividend of $0.04 per share on Friday, August 9th. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 11th. The official announcement can be viewed at this link.

Atalaya Mining Price Performance

LON:ATYM opened at GBX 443 ($5.60) on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.53 and a debt-to-equity ratio of 14.43. The stock’s 50 day moving average price is GBX 434.09 and its two-hundred day moving average price is GBX 384.05. The firm has a market capitalization of £620.07 million, a price-to-earnings ratio of 1,921.74, a P/E/G ratio of -2.02 and a beta of 1.64. Atalaya Mining has a 12-month low of GBX 281 ($3.55) and a 12-month high of GBX 493.50 ($6.24).

Wall Street Analyst Weigh In

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

Insider Activity

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