Andrada Mining (GB:ATM)
LSE:ATM
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Andrada Mining
(LSE:ATM)
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Rating:43Neutral
Price Target:
3.00 p
▼(-20.00% Downside)
Action:Reiterated
Date:03/29/26
The score is primarily weighed down by weak financial performance—ongoing losses and negative operating/free cash flow—despite revenue growth. Technicals further pressure the rating with a clear downtrend and negative momentum. Valuation provides limited support because the negative P/E reflects unprofitable operations and no dividend yield is available.
Positive Factors
Sustained revenue growth
Consistent top-line expansion (noted ~19.4% in the latest year) reflects growing production or sales scale. Over the next 2–6 months sustained revenue trends provide capacity to invest in plant recoveries and operational improvements that can help close the gap to profitability.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flows indicate ongoing cash burn from mining and processing activities. This undermines the company's ability to self-fund capex and working capital, increasing reliance on external financing and execution risk in a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Consistent top-line expansion (noted ~19.4% in the latest year) reflects growing production or sales scale. Over the next 2–6 months sustained revenue trends provide capacity to invest in plant recoveries and operational improvements that can help close the gap to profitability.
Read all positive factors
Andrada Mining (ATM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£83.56M
Dividend YieldN/A
Average Volume (3M)4.04M
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue Growth26.18%
EPS GrowthN/A
CountryUK
Employees283
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,198,914,800
10 Day Avg. Volume4,938,862
30 Day Avg. Volume4,036,596
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)1.40
Price to Sales (P/S)1.39
P/FCF Ratio-1.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£8.00Price Target Upside113.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£40.50M
Andrada Mining Business Overview & Revenue Model
Company Description
AfriTin Mining Limited, along with its various subsidiaries, is actively engaged in the discovery and advancement of mineral projects throughout Namibia and South Africa. Its most significant holding is the Uis brownfield tin mine, an operation lo...
How the Company Makes Money
Andrada Mining makes money primarily by producing and selling mineral concentrates generated from its mining and processing operations. Revenue is typically earned through offtake or sales agreements where concentrates (commonly referenced in publ...
Andrada Mining Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Feb 2025 | Feb 2024 | Feb 2023 | Aug 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.16M | 23.81M | 17.97M | 9.83M | 13.62M | 4.99M |
| Gross Profit | 1.49M | 2.96M | 1.72M | -681.94K | 4.31M | -2.59K |
| EBITDA | 222.05K | -1.25M | -4.35M | -5.91M | 2.56M | -4.76M |
| Net Income | -9.56M | -9.77M | -8.44M | -7.75M | -815.64K | -5.69M |
Balance Sheet | ||||||
| Total Assets | 69.06M | 69.57M | 66.20M | 47.47M | 37.07M | 22.41M |
| Cash, Cash Equivalents and Short-Term Investments | 1.60M | 2.70M | 14.51M | 8.21M | 7.37M | 1.35M |
| Total Debt | 21.10M | 22.21M | 14.66M | 7.18M | 5.48M | 4.26M |
| Total Liabilities | 43.56M | 45.86M | 34.14M | 11.80M | 9.61M | 5.92M |
| Stockholders Equity | 25.51M | 23.71M | 32.61M | 35.82M | 27.28M | 16.64M |
Cash Flow | ||||||
| Free Cash Flow | -10.27M | -18.92M | -18.87M | -18.19M | -5.42M | -4.46M |
| Operating Cash Flow | -3.99M | -4.00M | -3.74M | -4.93M | 569.06K | -1.50M |
| Investing Cash Flow | -6.77M | -12.86M | -14.92M | -13.26M | -5.99M | -2.96M |
| Financing Cash Flow | 5.49M | 4.25M | 25.22M | 19.04M | 11.46M | 5.16M |
Andrada Mining Technical Analysis
Positive
3.75
Price Trends
3.93
Negative
3.83
Negative
3.60
Positive
Market Momentum
-0.05
Negative
49.28
Neutral
73.33
Neutral
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 3.75 is below the 20-day moving average (MA) of 3.78, below the 50-day MA of 3.93, and above the 200-day MA of 3.60, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ATM.
Andrada Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | £47.73M | -0.08 | 0.25% | ― | ― | 44.90% | |
46 Neutral | £127.84M | -33.74 | -15.04% | ― | ― | 36.62% | |
43 Neutral | £83.56M | -6.69 | -33.80% | ― | 26.18% | ― | |
| ― | £1.65M | -0.21 | ― | ― | ― | -92.86% | |
43 Neutral | £18.79M | -3.66 | -43.43% | ― | ― | 76.95% |
* Basic Materials Sector Average
GB:ATM
Andrada Mining
3.80
0.92
31.94%
GB:ALL
Atlantic Lithium
15.95
8.47
113.24%
GB:ZNWD
Zinnwald Lithium Plc
9.00
3.85
74.76%
GB:BHL
Bradda Head Lithium Limited
2.75
1.75
175.00%
GB:TM1
Technology Minerals PLC
0.05
<0.01
4.00%
GB:CTL
CleanTech Lithium PLC
6.35
-1.15
-15.33%
Andrada Mining Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Andrada Mining posts record tin output as funding accelerates Namibian critical minerals push
Positive
Mar 26, 2026
Andrada Mining reported a record fourth quarter and full-year performance to 28 February 2026, with improved plant stability at its Uis mine driving higher ore throughput, grades and recoveries, and boosting tin concentrate output by 15% year-on-y...
Business Operations and StrategyExecutive/Board Changes
Andrada revamps share-based incentives and reprices options to retain talent
Positive
Mar 3, 2026
Andrada Mining has overhauled its employee incentive structures, issuing 18,595,768 bonus shares under its short-term incentive plan for FY2025 performance and granting 54,854,811 nil-cost share awards under long-term and employee share schemes. T...
Business Operations and StrategyPrivate Placements and Financing
Andrada Mining Secures $3m Tin Offtake Advance from Thaisarco
Positive
Feb 24, 2026
Andrada Mining has strengthened its commercial relationship with Thailand Smelting Refining Co. by extending an exclusive offtake arrangement for all tin concentrate produced by its Uis Tin Mining Company operations in Namibia. Thaisarco, a leadi...
Business Operations and StrategyPrivate Placements and Financing
Andrada Secures EIB Backing to Fast-Track Uis Lithium Expansion in Namibia
Positive
Feb 10, 2026
Andrada Mining’s Uis Tin Mining Company has signed a cooperation agreement with the European Investment Bank to accelerate the feasibility study for its Uis Lithium Expansion Project in Namibia. The project seeks to turn Andrada into a long-...
Business Operations and Strategy
Andrada Mining Reports High-Grade Lithium Drill Results at Namibia’s Lithium Ridge
Positive
Feb 9, 2026
Andrada Mining reported inaugural diamond drilling results from its Lithium Ridge project in Namibia, confirming consistent, high-grade lithium mineralisation from surface to depths of around 160 metres, alongside significant tin and tantalum cred...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Andrada Unlocks BWCAM Funding to Fast-Track Brandberg West
Positive
Feb 4, 2026
Andrada Mining has satisfied the last two conditions to unlock an initial USD10 million investment from BWCAM toward Brandberg West, giving the ACAM affiliate a 30% stake in the project vehicle and accelerating tailings investigations while the Na...
Business Operations and Strategy
Andrada Uncovers High-Grade Lithium and Polymetallic Potential at Namibia’s Lithium Ridge
Positive
Jan 26, 2026
Andrada Mining has reported exceptional surface sampling results from its Lithium Ridge project in Namibia, confirming multiple high-grade lithium-bearing pegmatites with grab samples exceeding 4% Li2O and a peak of 4.67% Li2O. The comprehensive m...
Business Operations and StrategyPrivate Placements and Financing
Andrada Secures Up to USD51m ACAM Partnership to Accelerate Namibia’s Brandberg West Project
Positive
Jan 21, 2026
Andrada Mining has entered into a conditional, staged earn-in partnership with ACAM’s affiliate BWCAM worth up to USD51 million to fast-track the exploration and development of the historic Brandberg West polymetallic project in Namibia. The...
Business Operations and StrategyPrivate Placements and Financing
Andrada Mining Converts US$3.06m Debt to Equity, Frees Key Tin Asset
Positive
Jan 19, 2026
Andrada Mining has agreed to convert a US$3.06 million loan and unpaid fees owed to major shareholder The Orange Trust into 59.36 million new ordinary shares, de-leveraging its balance sheet and avoiding any cash outflow. The deal, priced at a rou...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.