Atalaya Mining (LON:ATYM) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Atalaya Mining Plc (LON:ATYM) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 355.69 ($4.45) and traded as low as GBX 350.50 ($4.39). Atalaya Mining shares last traded at GBX 359 ($4.49), with a volume of 22,845 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ATYM. Berenberg Bank dropped their price target on shares of Atalaya Mining from GBX 480 ($6.01) to GBX 460 ($5.76) and set a “hold” rating for the company in a research report on Monday, October 14th. Canaccord Genuity Group dropped their price objective on Atalaya Mining from GBX 585 ($7.32) to GBX 555 ($6.94) and set a “buy” rating for the company in a report on Wednesday, November 13th.

Atalaya Mining Stock Performance

The stock’s 50 day moving average price is GBX 355.69 and its 200 day moving average price is GBX 375.49. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 6.27. The firm has a market cap of £503.92 million, a PE ratio of 1,790.00, a P/E/G ratio of -2.02 and a beta of 1.64.

Insider Buying and Selling at Atalaya Mining

In other news, insider Jesus Fernandez Lopez acquired 13,912 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 350 ($4.38) per share, with a total value of £48,692 ($60,925.93). 31.43% of the stock is currently owned by corporate 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.