Atalaya Mining PLC’s Stock Is Buy After Reaching 52-Week High

 Atalaya Mining PLC's Stock Is Buy After Reaching 52 Week High

The stock of Atalaya Mining PLC (LON:ATYM) hit a new 52-week high and has GBX 142.14 target or 3.00% above today’s GBX 138.00 share price. The 6 months bullish chart indicates low risk for the GBX 157.16M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 142.14 price target is reached, the company will be worth GBX 4.71M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.60% or GBX 3.5 on November 22, hitting GBX 138. About 288,871 shares traded hands or 122.83% up from the average. Atalaya Mining PLC (LON:ATYM) has risen 39.38% since April 22, 2016 and is uptrending. It has outperformed by 34.82% 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 39.86% above today’s (GBX 138) stock price. Atalaya Mining Plc has been the topic of 26 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The rating was initiated by FinnCap with “Buy” on Thursday, February 18. On Wednesday, May 4 the stock rating was maintained by FinnCap with “Buy”. The rating was maintained by FinnCap on Friday, April 22 with “Buy”. The stock of Atalaya Mining PLC (LON:ATYM) earned “Buy” rating by Peel Hunt on Thursday, March 24. The firm has “Buy” rating given on Tuesday, September 20 by FinnCap. On Wednesday, November 2 the stock rating was maintained by Peel Hunt with “Buy”. The stock of Atalaya Mining PLC (LON:ATYM) has “Buy” rating given on Wednesday, June 15 by FinnCap. As per Tuesday, December 1, the company rating was maintained by Peel Hunt. The stock of Atalaya Mining PLC (LON:ATYM) has “Buy” rating given on Tuesday, October 11 by FinnCap. The firm earned “Speculative Buy” rating on Monday, October 3 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 157.16 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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