Atalaya Mining (LON:ATYM) Share Price Passes Below Fifty Day Moving Average of $386.38

Atalaya Mining Plc (LON:ATYM)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 386.38 ($5.08) and traded as low as GBX 353 ($4.64). Atalaya Mining shares last traded at GBX 362 ($4.76), with a volume of 210,727 shares traded.

Wall Street Analyst Weigh In

ATYM has been the subject of a number of research reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 480 ($6.31) target price on shares of Atalaya Mining in a report on Wednesday, August 14th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 585 ($7.69) price objective on shares of Atalaya Mining in a research note on Wednesday, August 14th.

Atalaya Mining Stock Performance

The firm has a fifty day moving average of GBX 383.49 and a 200-day moving average of GBX 397.31. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 6.27. The stock has a market capitalization of £496.18 million, a price-to-earnings ratio of 1,762.50, a PEG ratio of -2.02 and a beta of 1.67.

Atalaya Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, August 22nd will be paid a dividend of $0.04 per share. This represents a dividend yield of 0.92%. The ex-dividend date is Thursday, August 22nd. Atalaya Mining’s dividend payout ratio (DPR) is presently 3,000.00%.

Insider Buying and Selling

In other Atalaya Mining news, insider Jesus Fernandez Lopez bought 92,500 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of GBX 400 ($5.26) per share, for a total transaction of £370,000 ($486,522.02). In other news, insider Neil Gregson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of GBX 343 ($4.51) per share, with a total value of £17,150 ($22,550.95). Also, insider Jesus Fernandez Lopez purchased 92,500 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average price of GBX 400 ($5.26) per share, with a total value of £370,000 ($486,522.02). 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.