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Atalaya Mining (LON:ATYM) Stock Price Passes Below 50 Day Moving Average - Should You Sell?

Atalaya Mining logo with Basic Materials background

Shares of Atalaya Mining Plc (LON:ATYM - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 379.58 ($4.93) and traded as low as GBX 366 ($4.75). Atalaya Mining shares last traded at GBX 369 ($4.79), with a volume of 208,112 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ATYM. Canaccord Genuity Group restated a "buy" rating and set a GBX 585 ($7.60) price target on shares of Atalaya Mining in a research note on Wednesday, August 14th. Berenberg Bank lowered their target price on shares of Atalaya Mining from GBX 480 ($6.23) to GBX 460 ($5.97) and set a "hold" rating on the stock in a research note on Monday, October 14th.

Check Out Our Latest Report on ATYM

Atalaya Mining Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 6.27. The company's fifty day moving average is GBX 379.57 and its 200 day moving average is GBX 402.47. The company has a market cap of £515.18 million, a P/E ratio of 1,830.00, a price-to-earnings-growth ratio of -2.02 and a beta of 1.64.

Atalaya Mining Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, August 22nd were issued a $0.04 dividend. This represents a yield of 0.92%. The ex-dividend date was Thursday, August 22nd. 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 purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average cost of GBX 343 ($4.45) per share, with a total value of £17,150 ($22,266.94). Corporate insiders own 31.43% of the company's stock.

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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