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Atalaya Mining (LON:ATYM) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Atalaya Mining logo with Basic Materials background

Atalaya Mining Plc (LON:ATYM - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 373.76 ($4.73) and traded as low as GBX 344.50 ($4.36). Atalaya Mining shares last traded at GBX 354 ($4.48), with a volume of 91,215 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATYM. Canaccord Genuity Group reduced their price objective on Atalaya Mining from GBX 585 ($7.40) to GBX 555 ($7.02) and set a "buy" rating for the company in a research note on Wednesday, November 13th. Berenberg Bank decreased their target price on Atalaya Mining from GBX 480 ($6.07) to GBX 460 ($5.82) and set a "hold" rating for the company in a research report on Monday, October 14th.

Check Out Our Latest Stock Report on Atalaya Mining

Atalaya Mining Trading Down 0.4 %

The company has a fifty day simple moving average of GBX 373.76 and a two-hundred day simple moving average of GBX 393.09. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.65 and a quick ratio of 1.64. The company has a market capitalization of £496.47 million, a P/E ratio of 1,765.00, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Company Profile

(Get Free Report)

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.

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