Atalaya Mining (LON:ATYM) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Atalaya Mining Plc (LON:ATYM)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 379.58 ($4.93) and traded as low as GBX 366 ($4.75). Atalaya Mining shares last traded at GBX 369 ($4.79), with a volume of 208,112 shares changing hands.

Analysts Set New Price Targets

ATYM has been the subject of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 585 ($7.60) target price on shares of Atalaya Mining in a research report on Wednesday, August 14th. Berenberg Bank decreased their price target on Atalaya Mining from GBX 480 ($6.23) to GBX 460 ($5.97) and set a “hold” rating for the company in a report on Monday, October 14th.

Atalaya Mining Price Performance

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 company’s 50 day moving average is GBX 379.58 and its 200-day moving average is GBX 402.72. The stock has a market cap of £525.74 million, a PE ratio of 1,845.00, a P/E/G ratio of -2.02 and a beta of 1.64.

Atalaya Mining Announces Dividend

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

Insider Buying and Selling at Atalaya Mining

In other Atalaya Mining news, insider Neil Gregson bought 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 343 ($4.45) per share, with a total value of £17,150 ($22,266.94). 31.43% of the stock is owned by 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.