Atalaya Mining (LON:ATYM) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Atalaya Mining Plc (LON:ATYM)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 355.69 ($4.40) and traded as low as GBX 350.50 ($4.34). Atalaya Mining shares last traded at GBX 359 ($4.44), with a volume of 22,845 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Atalaya Mining from GBX 585 ($7.24) to GBX 555 ($6.87) and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Berenberg Bank dropped their target price on Atalaya Mining from GBX 480 ($5.94) to GBX 460 ($5.69) and set a “hold” rating on the stock in a research report on Monday, October 14th.

Atalaya Mining Price Performance

The company has a 50 day moving average of GBX 355.68 and a 200 day moving average of GBX 375.42. The stock has a market capitalization of £513.77 million, a price-to-earnings ratio of 1,825.00, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 6.27.

Insider Activity

In related news, insider Jesus Fernandez Lopez bought 13,912 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average cost of GBX 350 ($4.33) per share, for a total transaction of £48,692 ($60,269.84). Corporate insiders own 31.43% of the company’s stock.

About Atalaya Mining

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.