Could Atalaya Mining PLC See a Reversal After Breaking All Highs?

 Could Atalaya Mining PLC See a Reversal After Breaking All Highs?

The stock of Atalaya Mining PLC (LON:ATYM) reached all time high today, Nov, 21 and still has GBX 192.96 target or 44.00% above today’s GBX 134.00 share price. This indicates more upside for the GBX 152.61 million company. This technical setup was reported by Barchart.com. If the GBX 192.96 PT is reached, the company will be worth GBX 67.15M 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 9.84% or GBX 12 on November 21, hitting GBX 134. About 328,677 shares traded hands or 153.54% up from the average. Atalaya Mining PLC (LON:ATYM) has risen 39.38% since April 22, 2016 and is uptrending. It has outperformed by 35.52% 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. GBX 209 is the highest target while GBX 135 is the lowest. The GBX 193 average target is 44.03% above today’s (GBX 134) stock price. Atalaya Mining Plc has been the topic of 26 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Peel Hunt given on Friday, September 30. On Wednesday, September 21 the stock rating was maintained by Peel Hunt with “Buy”. Peel Hunt maintained it with “Buy” rating and GBX 150 target price in Thursday, May 5 report. FinnCap maintained Atalaya Mining PLC (LON:ATYM) rating on Wednesday, May 4. FinnCap has “Buy” rating and GBX 195 price target. The stock has “Buy” rating given by FinnCap on Monday, March 21. On Tuesday, December 1 the stock rating was maintained by Peel Hunt with “Buy”. FinnCap maintained the stock with “Buy” rating in Tuesday, September 20 report. On Monday, July 25 the stock rating was maintained by FinnCap with “Buy”. FinnCap maintained it with “Buy” rating and GBX 195 target price in Friday, April 22 report. The company was maintained on Friday, September 30 by Canaccord Genuity.

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 152.61 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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