Atalaya Mining Plc (LON:ATYM – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 811.25 and traded as high as GBX 822.50. Atalaya Mining shares last traded at GBX 813, with a volume of 630,017 shares.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ATYM. Berenberg Bank raised their price objective on Atalaya Mining from GBX 950 to GBX 980 and gave the company a “buy” rating in a report on Wednesday, May 27th. Royal Bank Of Canada reduced their target price on Atalaya Mining from GBX 1,125 to GBX 1,075 and set a “sector perform” rating for the company in a research note on Thursday, April 16th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,090 target price on shares of Atalaya Mining in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 962.50.
Get Our Latest Stock Analysis on ATYM
Atalaya Mining Stock Performance
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. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena.
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