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Atalaya Mining (LON:ATYM) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

Atalaya Mining logo with Basic Materials background

Shares of Atalaya Mining Plc (LON:ATYM - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 376.22 ($4.90) and traded as low as GBX 364.50 ($4.74). Atalaya Mining shares last traded at GBX 366 ($4.76), with a volume of 160,518 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ATYM shares. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 585 ($7.62) target price on shares of Atalaya Mining in a research report on Wednesday, August 14th. Berenberg Bank decreased their price objective on Atalaya Mining from GBX 480 ($6.25) to GBX 460 ($5.99) and set a "hold" rating on the stock in a research report on Monday, October 14th.

Check Out Our Latest Analysis on Atalaya Mining

Atalaya Mining Stock Performance

The stock has a fifty day simple moving average of GBX 376.22 and a 200-day simple moving average of GBX 398.42. The stock has a market cap of £515.18 million, a P/E ratio of 1,830.00, a PEG ratio of -2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.64 and a current ratio of 1.65.

Atalaya Mining Announces Dividend

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

Insider Transactions at Atalaya Mining

In other Atalaya Mining news, insider Neil Gregson acquired 5,000 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of GBX 343 ($4.46) per share, with a total value of £17,150 ($22,324.92). 31.43% of the stock is owned by company insiders.

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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