Atalaya Mining (LON:ATYM) Shares Cross Above 50 Day Moving Average of $392.04

Atalaya Mining Plc (LON:ATYM - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 392.04 ($5.09) and traded as high as GBX 395 ($5.13). Atalaya Mining shares last traded at GBX 387.50 ($5.04), with a volume of 82,166 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ATYM. Berenberg Bank restated a "hold" rating and set a GBX 480 ($6.24) price target on shares of Atalaya Mining in a report on Wednesday, August 14th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 585 ($7.60) target price on shares of Atalaya Mining in a research note on Wednesday, August 14th.

Atalaya Mining Stock Performance

The stock's 50-day simple moving average is GBX 392.04 and its 200 day simple moving average is GBX 394.04. The company has a market capitalization of £545.45 million, a PE ratio of 1,845.24, a P/E/G ratio of -2.02 and a beta of 1.67. 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 Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, August 22nd. This represents a yield of 0.92%. Atalaya Mining's payout ratio is currently 2,857.14%.

Insider Activity at Atalaya Mining

In other news, insider Jesus Fernandez Lopez bought 92,500 shares of the business's stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of GBX 400 ($5.20) per share, for a total transaction of £370,000 ($480,769.23). In other Atalaya Mining news, insider Jesus Fernandez Lopez bought 92,500 shares of the stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of GBX 400 ($5.20) per share, for a total transaction of £370,000 ($480,769.23). Also, insider Neil Gregson purchased 5,000 shares of Atalaya Mining stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of GBX 343 ($4.46) per share, with a total value of £17,150 ($22,284.30). 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.