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

Atalaya Mining Plc (LON:ATYM)’s stock price 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.

Analysts Set New Price Targets

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

Atalaya Mining Stock Performance

The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.64 and a current ratio of 1.65. The firm has a market cap of £525.03 million, a P/E ratio of 1,865.00, a P/E/G ratio of -2.02 and a beta of 1.64. The business’s 50-day simple moving average is GBX 368.05 and its 200 day simple moving average is GBX 400.03.

Atalaya Mining Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.04 per share. 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 is currently 3,000.00%.

Insiders Place Their Bets

In related news, insider Neil Gregson bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of GBX 343 ($4.53) per share, for a total transaction of £17,150 ($22,655.22). 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.