Jesus Fernandez Lopez Sells 70,000 Shares of Atalaya Mining (LON:ATYM) Stock

Atalaya Mining Plc (LON:ATYM) insider Jesus Fernandez Lopez sold 70,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of GBX 620, for a total transaction of £434,000.

Atalaya Mining Price Performance

ATYM stock opened at GBX 639 on Friday. The firm has a market cap of £899.45 million, a P/E ratio of 1,250.49, a P/E/G ratio of -2.02 and a beta of 1.64. The firm’s fifty day moving average is GBX 528.25 and its 200 day moving average is GBX 450.84. Atalaya Mining Plc has a 52 week low of GBX 275.29 and a 52 week high of GBX 650. The company has a debt-to-equity ratio of 7.71, a quick ratio of 1.64 and a current ratio of 1.53.

Wall Street Analysts Forecast Growth

ATYM has been the subject of a number of recent research reports. Canaccord Genuity Group lowered their target price on Atalaya Mining from GBX 590 to GBX 580 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 510 price target on shares of Atalaya Mining in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Atalaya Mining currently has an average rating of “Moderate Buy” and a consensus target price of GBX 548.33.

About Atalaya Mining

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya’s shares trade on the London Stock Exchange’s Main Market under the symbol “ATYM”.

Atalaya’s operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East.