Atalaya Mining (LON:ATYM) Stock Price Passes Below 50-Day Moving Average of $386.38

Shares of Atalaya Mining Plc (LON:ATYM) crossed 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.

Wall Street Analysts Forecast Growth

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

Atalaya Mining Stock Down 6.0 %

The firm’s 50-day moving average price is GBX 383.49 and its 200-day moving average price is GBX 397.31. 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 cap of £496.18 million, a price-to-earnings ratio of 1,762.50, a price-to-earnings-growth ratio of -2.02 and a beta of 1.67.

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 given a $0.04 dividend. This represents a yield of 0.92%. The ex-dividend date of this dividend is Thursday, August 22nd. Atalaya Mining’s dividend payout ratio (DPR) is presently 3,000.00%.

Insider Transactions at Atalaya Mining

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