Atalaya Mining (LON:ATYM) Sets New 1-Year Low – What’s Next?

Atalaya Mining Plc (LON:ATYM) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 321.50 ($4.15) and last traded at GBX 327.50 ($4.22), with a volume of 143637 shares traded. The stock had previously closed at GBX 339 ($4.37).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group decreased their target price on Atalaya Mining from GBX 555 ($7.16) to GBX 520 ($6.71) and set a “buy” rating for the company in a research report on Wednesday, March 19th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 420 ($5.42) target price on shares of Atalaya Mining in a research note on Tuesday, March 18th.

Atalaya Mining Stock Performance

The company has a debt-to-equity ratio of 7.71, a current ratio of 1.53 and a quick ratio of 1.64. The stock has a 50-day moving average price of GBX 366.29 and a 200 day moving average price of GBX 365.51. The company has a market cap of £517.25 million, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

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.