Atalaya Mining (LON:ATYM) Stock Crosses Above 50 Day Moving Average of $368.05

Atalaya Mining Plc (LON:ATYM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 368.05 ($4.86) and traded as high as GBX 382.45 ($5.05). Atalaya Mining shares last traded at GBX 373 ($4.93), with a volume of 145,302 shares traded.

Wall Street Analysts Forecast Growth

ATYM has been the subject of a number of recent research reports. Berenberg Bank reiterated a “hold” rating and set a GBX 480 ($6.34) price objective on shares of Atalaya Mining in a research note on Wednesday, August 14th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 585 ($7.73) price target on shares of Atalaya Mining in a research report on Wednesday, August 14th.

Atalaya Mining Stock Performance

The business’s fifty day moving average is GBX 368.05 and its two-hundred day moving average is GBX 399.59. The stock has a market capitalization of £525.03 million, a PE ratio of 1,865.00, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 6.27.

Atalaya Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd were issued a $0.04 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a dividend yield of 0.92%. Atalaya Mining’s dividend payout ratio (DPR) is presently 3,000.00%.

Insider Activity

In related news, insider Neil Gregson acquired 5,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of GBX 343 ($4.53) per share, with a total value of £17,150 ($22,655.22). Corporate insiders own 31.43% of the company’s stock.

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.