Andrada Mining (ATM) AI Stock Analysis

• Market Cap: £69.76M
• Dividend Yield: N/A
• Average Volume (3M): 4.04M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.27
• Revenue Growth: 26.18%
• EPS Growth: N/A
• Country: UK
• Employees: 283
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,870,327,100
• 10 Day Avg. Volume: 4,938,862
• 30 Day Avg. Volume: 4,036,596
• PEG Ratio: -0.30
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 1.39
• P/FCF Ratio: -1.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £8.20
• Price Target Upside: 119.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: 4.00p ▲(7.24% Upside)

Andrada Mining's overall score is driven by positive corporate events and stable technical indicators. However, financial performance and valuation challenges, including negative profitability and cash flow issues, weigh down the score.

Positive Factors

Exposure to tin and lithium demand

Andrada's product mix targets tin and lithium, commodities with durable structural demand from electronics and electric vehicles. This end-market alignment supports long-term revenue potential and strategic relevance as global electrification and tech use expand over the next several years.

Consistent revenue growth

Sustained double-digit revenue growth demonstrates market traction and the ability to scale operations. Over 2-6 months this trend underpins operational leverage potential and supports investments in production capacity and exploration, assuming cost controls improve.

Moderate leverage with equity financing

Rising leverage is present but described as controlled and supported by a reasonable equity base. This balance reduces near-term refinancing stress risk, preserving financial flexibility to fund development and capital projects without immediate distressed financing.

Negative Factors

Negative profitability and ROE

Persistent negative ROE and ongoing losses indicate the company is not yet generating shareholder returns. Over a multi-month horizon this undermines internal capital accumulation, may force external funding, and constrains the ability to deliver sustained investor value.

Poor cash generation

Negative operating and free cash flows signal weak cash conversion and liquidity strain. This structurally increases reliance on external financing or equity issuance to fund operations and growth, raising dilution risk or higher financing costs over the medium term.

Low margins and cost pressures

Although gross margin has improved, low gross and negative net margins indicate ongoing cost management issues. Margins that remain depressed reduce resilience to commodity price swings and limit reinvestment capacity, challenging sustainable profitability.

Andrada Mining Business Overview & Revenue Model

Company Description

AfriTin Mining Limited, together with its subsidiaries, engages in the exploration and development of projects in Namibia and South Africa. Its flagship asset is the Uis brownfield tin mine that consists of three project areas located in the Erongo region, Namibia. The company was incorporated in 2017 and is based in Saint Peter Port, Guernsey.

How the Company Makes Money

Andrada Mining generates revenue primarily through the extraction and sale of tin and lithium products. The company engages in mining operations that convert raw mineral resources into processed concentrates, which are then sold to industrial customers and end-users in global markets. Key revenue streams include direct sales of tin concentrate to manufacturers and distributors, as well as potential sales of lithium products as demand increases due to the growth in electric vehicle production and renewable energy technologies. Additionally, Andrada Mining may benefit from strategic partnerships with other mining companies and suppliers, enhancing its market reach and operational efficiencies.

Andrada Mining Financial Statement Overview

Summary

Andrada Mining shows revenue growth but struggles with profitability and cash flow. The balance sheet indicates moderate leverage, but negative ROE and cash flow issues are concerning.

Income Statement

Andrada Mining has shown revenue growth over the years, with a notable increase of 19.41% in the latest year. However, the company struggles with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has improved but remains low, indicating challenges in cost management.

Balance Sheet

The company's debt-to-equity ratio has increased, suggesting rising leverage, but it remains under control. Return on equity is negative, reflecting ongoing losses. The equity ratio indicates a reasonable level of equity financing, but the negative ROE is a concern for investors.

Cash Flow

Andrada Mining's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow to net income ratio is high, indicating that cash flow issues are more severe than income statement losses suggest. The company needs to improve its cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.16M	17.97M	23.81M	9.83M	13.62M	69.03K
Gross Profit	1.49M	1.72M	2.96M	-681.94K	4.31M	-106.43K
EBITDA	222.05K	-4.35M	-1.25M	-5.91M	2.56M	-1.66M
Net Income	-9.56M	-8.44M	-9.77M	-7.75M	-815.64K	-1.78M
Balance Sheet
Total Assets	69.06M	66.20M	69.57M	47.47M	37.07M	21.38M
Cash, Cash Equivalents and Short-Term Investments	1.60M	14.51M	2.70M	8.21M	7.37M	574.60K
Total Debt	21.10M	14.66M	22.21M	7.18M	5.48M	1.45M
Total Liabilities	43.56M	34.14M	45.86M	11.80M	9.61M	2.44M
Stockholders Equity	25.51M	32.61M	23.71M	35.82M	27.28M	19.00M
Cash Flow
Free Cash Flow	-10.27M	-18.87M	-18.92M	-18.19M	-5.42M	-8.41M
Operating Cash Flow	-3.99M	-3.74M	-4.00M	-4.93M	569.06K	-1.25M
Investing Cash Flow	-6.77M	-14.92M	-12.86M	-13.26M	-5.99M	-7.76M
Financing Cash Flow	5.49M	25.22M	4.25M	19.04M	11.46M	7.81M

Andrada Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATM, the sentiment is Positive. The current price of 3.73 is above the 20-day moving average (MA) of 3.55, above the 50-day MA of 3.38, and above the 200-day MA of 3.08, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 59.68 is Neutral, neither overbought nor oversold. The STOCH value of 84.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ATM.

Andrada Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ATM	54 Neutral	£69.76M	-6.54	-33.80%	―	26.18%	―
ZNWD	54 Neutral	£33.90M	-11.36	-7.78%	―	―	-19.57%
CTL	50 Neutral	£19.79M	-1.41	-35.54%	―	―	―
ALL	48 Neutral	£77.68M	-21.61	-17.14%	―	―	54.72%
TM1	32 Underperform	£2.51M	-0.32	―	―	―	17.65%

Andrada Mining Corporate Events

Andrada Mining Reports Strong Q3 Performance Amid Rising Tin Prices

Andrada Mining Limited reported a strong operational performance for the third quarter ended November 2025, driven by increased processing rates and tin production, alongside a favorable pricing environment. The company’s continuous improvement program has led to enhanced throughput and recovery rates, positioning Andrada to capitalize on the rising tin market, which has seen a 40% price increase year-to-date. The deployment of a third drill rig at the Lithium Ridge JV with SQM and the ongoing commissioning of the jig plant are expected to support future growth. With a focus on optimizing product mix and exploring new partnerships, Andrada aims to unlock further value from its operations and expand its portfolio.

The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.

Andrada Mining Reports Strong Interim Results and Strategic Growth Initiatives

Andrada Mining Limited announced its unaudited interim financial results for the six months ended 31 August 2025, highlighting significant operational and financial improvements. The company reported a 10% increase in ore processed and a 14% rise in tin concentrate production, alongside a 12% revenue growth to £12.2 million. The company’s strategic initiatives, including engineering investments and corporate restructuring, have led to improved margins and a reduction in operating losses by 35%. Key projects, such as the Uis Mine Ore Sorter and lithium expansion, are set to enhance production capacity and financial performance, supporting Andrada’s growth strategy and strengthening its market position.

The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.

Andrada Mining Releases 2025 Sustainability Report Highlighting ESG Achievements

Andrada Mining Limited has published its 2025 Sustainability Report, highlighting significant achievements in health, safety, and socio-economic contributions in Namibia. The report, aligned with global ESG standards, showcases improvements in energy efficiency, waste reduction, and local employment, with a notable increase in Namibian workforce representation. The company emphasizes its commitment to responsible mining, operational excellence, and stakeholder engagement, aiming to lead in critical minerals production essential for the global energy transition.

The most recent analyst rating on (GB:ATM) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Andrada Mining stock, see the GB:ATM Stock Forecast page.