Peel Hunt Reaffirms “Buy” Rating for Atalaya Mining (LON:ATYM)

Peel Hunt reiterated their buy rating on shares of Atalaya Mining (LON:ATYM) in a research report sent to investors on Thursday morning, Digital Look reports. They currently have a GBX 310 ($4.05) price objective on the stock.

Shares of LON:ATYM opened at GBX 200 ($2.61) on Thursday. The company has a market cap of $274.68 million and a price-to-earnings ratio of 7.30. The firm’s 50-day simple moving average is GBX 209.67 and its 200-day simple moving average is GBX 219.05. Atalaya Mining has a fifty-two week low of GBX 188 ($2.46) and a fifty-two week high of GBX 265 ($3.46).

In related news, insider Alberto Lavandeira acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were purchased at an average price of GBX 207 ($2.70) per share, with a total value of £103,500 ($135,241.08).

Atalaya Mining Company Profile

Atalaya Mining Plc, together with its subsidiaries, explores for and develops metal properties in Europe. It holds a 100% interest in the Proyecto Riotinto project, an open-pit copper mine located in Andalucía, Spain. The company was formerly known as EMED Mining Public Limited and changed its name to Atalaya Mining Plc in October 2015.

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