Atalaya Mining (ATYM) AI Stock Analysis

• Market Cap: £1.30B
• Dividend Yield: 0.74%
• Average Volume (3M): 1.13M
• Price to Earnings (P/E): 18.6
• Beta (1Y): 1.93
• Revenue Growth: 23.97%
• EPS Growth: 216.41%
• Country: UK
• Employees: 492
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): 0.06
• Shares Outstanding: 140,759,050
• 10 Day Avg. Volume: 582,103
• 30 Day Avg. Volume: 1,128,272
• PEG Ratio: -1.30
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 1.86
• P/FCF Ratio: -76.05
• 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: £867.00
• Price Target Upside: -6.47% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 1,015.00p ▲(9.49% Upside)

Atalaya Mining's stock is supported by strong financial performance and bullish technical indicators. The solid profitability and cash flow management provide a stable foundation, while the technical analysis indicates strong upward momentum. However, the valuation is not particularly compelling, which slightly tempers the overall score.

Positive Factors

Conservative leverage and solid ROE

The very low debt-to-equity ratio indicates conservative capital structure and limited financial leverage, improving resilience to cyclical downturns. A 13.9% ROE shows effective use of equity, supporting sustainable capital returns and preserving capacity to fund growth or withstand price shocks.

Strong free cash flow generation

Material FCF expansion and strong cash conversion give management flexibility to invest in mine development, pay down any debt, or return capital. Robust cash generation improves long-term funding optionality and reduces reliance on external financing across cycles.

Healthy profitability margins

Sustained gross and net margins reflect operational efficiency and effective cost control at the Riotinto operation. Durable margins increase earnings stability, fund reinvestment, and help absorb commodity price swings, supporting long-term free cash flow and shareholder returns.

Negative Factors

Recent top-line weakness

Declining recent revenue signals potential pressure on volumes or sales realizations that can erode investment capacity over time. Without renewed resource expansion or higher realized prices, persistent top-line weakness could constrain capital allocation and slow reserve development.

High exposure to copper price cycles

Revenue and margin volatility are structurally tied to global copper prices, which are cyclical and influenced by macro and supply dynamics. This dependence limits revenue predictability and can materially affect cash flow, investment timing, and long-term planning.

Concentrated asset and geographic risk

Heavy reliance on a single major operation and one jurisdiction concentrates operational, regulatory, and permitting risk. Disruptions, local regulatory shifts, or ore depletion at Riotinto would meaningfully impact production, making diversification or exploration progress critical for long-term stability.

Atalaya Mining Business Overview & Revenue Model

Company Description

Atalaya Mining Plc, together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is its 100% owned Proyecto Riotinto mine, an open-pit copper mine located in the Andalusia region of Spain. It produces copper concentrates, including silver by-products. The company was formerly known as EMED Mining Public Limited and changed its name to Atalaya Mining Plc in October 2015. Atalaya Mining Plc was incorporated in 2004 and is based in Nicosia, Cyprus.

How the Company Makes Money

Atalaya Mining generates revenue primarily through the sale of copper concentrates produced at its operational mines. The company's main revenue stream comes from the extraction and processing of copper ore, which is then sold to smelters and other industrial customers. The pricing of copper concentrates is closely linked to global copper prices, which can fluctuate based on market demand and supply dynamics. Additionally, Atalaya may benefit from by-product sales, such as gold and silver, which are extracted during the copper production process. Strategic partnerships with local and international stakeholders, along with efficient operational practices, also contribute to the company's profitability. Furthermore, ongoing exploration efforts to expand mineral resources and reserves can enhance future revenue potential.

Atalaya Mining Financial Statement Overview

Summary

Atalaya Mining demonstrates a solid financial foundation with strong profitability margins and effective cash flow management. While revenue growth has been a concern, the company's low leverage and efficient operations provide stability.

Income Statement

Atalaya Mining's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) gross profit margin is healthy at 27.12%, and the net profit margin is strong at 17.82%. However, revenue growth has been negative recently, indicating a potential challenge in maintaining sales momentum. The EBIT and EBITDA margins are robust, suggesting efficient cost management and operational effectiveness.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.064, indicating conservative leverage. The return on equity is solid at 13.90%, showing effective use of shareholder funds. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

Cash flow analysis reveals strong free cash flow growth of 63.01% in the TTM, highlighting improved cash generation. The operating cash flow to net income ratio is 0.88, indicating good cash conversion. The free cash flow to net income ratio of 0.37 suggests a reasonable level of cash available for reinvestment or distribution.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	419.39M	326.80M	340.35M	361.85M	405.72M	252.78M
Gross Profit	126.14M	49.40M	55.92M	39.45M	181.37M	45.62M
EBITDA	153.01M	77.08M	77.22M	67.48M	194.02M	62.79M
Net Income	83.26M	31.74M	38.77M	33.16M	133.64M	31.48M
Balance Sheet
Total Assets	663.09M	675.85M	670.57M	663.07M	585.41M	505.05M
Cash, Cash Equivalents and Short-Term Investments	99.38M	52.90M	121.04M	126.15M	92.14M	37.85M
Total Debt	27.50M	21.59M	71.06M	78.28M	52.95M	5.39M
Total Liabilities	178.66M	157.31M	178.18M	196.77M	149.51M	154.85M
Stockholders Equity	579.08M	516.38M	501.50M	473.30M	440.81M	353.69M
Cash Flow
Free Cash Flow	62.94M	-8.01M	10.45M	-15.09M	114.25M	28.73M
Operating Cash Flow	125.93M	53.40M	64.74M	38.50M	148.84M	59.09M
Investing Cash Flow	-74.43M	-66.07M	-50.41M	-53.53M	-87.53M	-30.16M
Financing Cash Flow	-15.10M	-57.26M	-18.50M	22.41M	1.85M	760.00K

Atalaya Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 927.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATYM, the sentiment is Positive. The current price of 927 is above the 20-day moving average (MA) of 850.65, above the 50-day MA of 762.78, and above the 200-day MA of 553.81, indicating a bullish trend. The MACD of 46.07 indicates Negative momentum. The RSI at 67.44 is Neutral, neither overbought nor oversold. The STOCH value of 77.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ATYM.

Atalaya Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAML	74 Outperform	£338.99M	12.25	9.97%	5.15%	5.70%	-9.60%
ATYM	73 Outperform	£1.30B	18.57	15.06%	0.74%	23.97%	216.41%
ANTO	69 Neutral	£35.25B	41.79	11.88%	0.92%	13.52%	38.75%
GFM	68 Neutral	£483.86M	74.05	3.23%	―	-32.18%	-58.29%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FXPO	57 Neutral	£409.51M	-1.76	-33.39%	―	-5.85%	-413.36%
AAZ	56 Neutral	£317.87M	-46.64	-11.68%	―	129.53%	70.68%

Atalaya Mining Corporate Events

Atalaya Mining Hits Top End of 2025 Copper Guidance and Sets Higher 2026 Target

Atalaya Mining reported that it met the upper end of its 2025 production guidance with 51,139 tonnes of copper, underpinned by record annual plant throughput at Proyecto Riotinto, improved recoveries in the fourth quarter and a sharp increase in copper sales volumes, while ending the year with a strong net cash position of €122 million amid higher realised copper prices. Looking to 2026, the company guided copper output of 50,000–54,000 tonnes and highlighted accelerating waste stripping at San Dionisio, ongoing drilling and engineering at San Antonio and Masa Valverde, intermittent but value-confirming progress at its E-LIX processing technology, and regulatory advances at Galicia’s Proyecto Touro, positioning Atalaya to tap strengthening copper market fundamentals and enhance long-term production from its Iberian portfolio.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £907.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Atalaya Mining strengthens board with appointment of veteran geologist as independent director

Atalaya Mining has announced the planned appointment of veteran geologist Dr Michael Graham Armitage as an independent non-executive director effective 19 January 2026, replacing long-serving board member Steve Scott, who steps down at year-end 2025. Armitage, who brings four decades of global mining experience and deep expertise in mineral resource and reserve estimation, will join the Audit and Physical Risk Committees and stand for election at the 2026 AGM, prompting a reshuffle of committee memberships that underscores the company’s focus on strengthening governance, technical oversight and risk management as it advances its Spanish copper projects.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £888.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Atalaya Mining Addresses Shareholder Concerns Over Governance and Pay After 2025 AGM

Atalaya Mining has issued a statement addressing shareholder feedback following its June 2025 AGM, where all resolutions passed but four governance and remuneration-related items received less than 80% support. The board acknowledged concerns over director Jesús Fernández’s past meeting attendance and confirmed his commitment to improved participation, while also recognising investor unease over legacy long‑term incentive arrangements and a one‑off transitional share award granted to the CEO. After revising its remuneration framework and securing strong backing for a new Directors’ Remuneration Policy, the company expects stronger shareholder support for future pay resolutions and reports that no major shareholders have sought further consultation, suggesting the issue is largely settled for now.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £930.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Atalaya Mining Reports Strong Q3 2025 Financial Results, Confident in Copper Growth Strategy

Atalaya Mining reported strong financial results for the third quarter and the first nine months of 2025, with copper production reaching 12.1 kt in Q3 and 39.6 kt YTD. The company achieved a net cash position of €89.7 million, supporting its investments in copper growth projects. Despite a provision for a potential land tax re-assessment, Atalaya’s EBITDA for Q3 was €30.7 million, and €138.3 million YTD. The company remains on track to meet its full-year guidance, driven by solid operational performance and cost management, with cash costs and all-in sustaining costs showing improvement over the previous year. Atalaya continues to focus on advancing its core growth projects and remains confident in its copper growth strategy amid strengthening copper fundamentals.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £830.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Atalaya Mining to Announce Q3 and YTD 2025 Financial Results

Atalaya Mining has announced it will release its unaudited financial results for the third quarter and nine-month period ending September 30, 2025, on November 13, 2025. The company will host a webcast and a live presentation for analysts, investors, and shareholders to discuss these results, indicating a proactive approach to engaging with stakeholders and providing transparency about its financial performance.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Atalaya Mining Reports Strong Q3 2025 Performance and Strategic Advancements

Atalaya Mining’s Q3 2025 operations update reveals consistent production aligning with full-year guidance, supported by strong plant availability and favorable cost performance. The company’s financial position is robust, with increased cash reserves and a positive outlook for meeting its annual targets. Atalaya is actively advancing its project pipeline, including expansions at San Dionisio and ongoing drilling at San Antonio and Proyecto Masa Valverde. The company’s strategic initiatives, such as the E-LIX Phase I plant and Proyecto Touro, are progressing, with significant developments in environmental authorizations and strategic project status, positioning Atalaya to capitalize on a supply-constrained copper market.

The most recent analyst rating on (GB:ATYM) stock is a Hold with a £6.20 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.