What’s Propelling Atalaya Mining PLC to Decline So Much?

 What's Propelling Atalaya Mining PLC to Decline So Much?

The stock of Atalaya Mining PLC (LON:ATYM) is a huge mover today! The stock decreased 4.83% or GBX 7 on November 30, hitting GBX 138. About 150,828 shares traded hands. Atalaya Mining PLC (LON:ATYM) has risen 45.00% since May 2, 2016 and is uptrending. It has outperformed by 39.77% the S&P500.
The move comes after 6 months negative chart setup for the GBX 163.29 million company. It was reported on Nov, 30 by Barchart.com. We have GBX 131.10 PT which if reached, will make LON:ATYM worth GBX 8.16M less.

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 27 analyst reports since November 18, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, May 5 by Peel Hunt. FinnCap maintained Atalaya Mining PLC (LON:ATYM) rating on Tuesday, October 11. FinnCap has “Buy” rating and GBX 209 price target. The stock has “Buy” rating given by Peel Hunt on Monday, January 18. FinnCap maintained Atalaya Mining PLC (LON:ATYM) rating on Tuesday, September 20. FinnCap has “Buy” rating and GBX 209 price target. The company was maintained on Monday, March 21 by FinnCap. Canaccord Genuity maintained it with “Speculative Buy” rating and GBX 195 target price in Thursday, November 24 report. Peel Hunt maintained it with “Buy” rating and GBX 140 target price in Thursday, March 24 report. Peel Hunt maintained the shares of ATYM in a report on Wednesday, June 1 with “Buy” rating. The rating was maintained by Peel Hunt with “Buy” on Friday, September 30. FinnCap maintained it with “Buy” rating and GBX 195 target price in Monday, July 25 report.

More recent Atalaya Mining PLC (LON:ATYM) news were published by: Marketwired.com which released: “Atalaya Mining plc (“Atalaya” or the “Company”) Operational review and release …” on November 24, 2016. Also Marketwired.com published the news titled: “Atalaya Mining plc: Filing of NI 43-101 Technical Report” on September 29, 2016. Marketwired.com‘s news article titled: “Atalaya Mining PLC Announces Q3 2016 Operational Update” with publication date: October 11, 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 163.29 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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