The stock of Atalaya Mining PLC (LON:ATYM) reached all time high today, Nov, 11 and still has GBX 211.93 target or 73.00% above today’s GBX 122.50 share price. This indicates more upside for the GBX 170.58 million company. This technical setup was reported by Barchart.com. If the GBX 211.93 PT is reached, the company will be worth GBX 124.52M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 13.43% or GBX 14.5 on November 11, hitting GBX 122.5. About 979,247 shares traded hands or 1475.54% up from the average. Atalaya Mining PLC (LON:ATYM) has risen 14.49% since April 14, 2016 and is uptrending. It has outperformed by 8.34% the S&P500.
Atalaya Mining PLC (LON:ATYM) Ratings Coverage
Out of 3 analysts covering Atalaya Mining Plc (LON:ATYM), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Atalaya Mining Plc has been the topic of 26 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The stock of Atalaya Mining PLC (LON:ATYM) has “Buy” rating given on Tuesday, October 11 by FinnCap. Peel Hunt maintained it with “Buy” rating and GBX 175 target price in Wednesday, November 2 report. The firm earned “Buy” rating on Monday, July 25 by FinnCap. The company was maintained on Thursday, July 14 by FinnCap. The firm has “Buy” rating by Peel Hunt given on Thursday, May 5. The stock of Atalaya Mining PLC (LON:ATYM) has “Buy” rating given on Monday, January 18 by Peel Hunt. The stock of Atalaya Mining PLC (LON:ATYM) has “Buy” rating given on Tuesday, December 1 by Peel Hunt. The rating was maintained by Canaccord Genuity on Monday, October 3 with “Speculative Buy”. The firm earned “Buy” rating on Monday, August 8 by Peel Hunt. On Tuesday, February 23 the stock rating was maintained by FinnCap with “Buy”.
More recent Atalaya Mining PLC (LON:ATYM) news were published by: Marketwired.com which released: “Atalaya Mining plc: Filing of NI 43-101 Technical Report” on September 29, 2016. Also Marketwired.com published the news titled: “Atalaya Mining PLC Announces Q3 2016 Operational Update” on October 11, 2016. Marketwired.com‘s news article titled: “Atalaya Mining PLC: Updated Reserves and Resources Statement” with publication date: July 14, 2016 was also an interesting one.
Atalaya Mining PLC, formerly EMED Mining Public Limited, is a Cyprus new European copper firm focused on the re-start of production at the Rio Tinto Copper Project. The company has a market cap of 170.58 million GBP. It comprises a number of deposits including one of the largest copper deposits in Spain and is located in the Iberian Pyrite Belt. It currently has negative earnings.
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