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Atalaya Mining plc (GB:ATYM)
LSE:ATYM

Atalaya Mining (ATYM) AI Stock Analysis

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GB

Atalaya Mining

(LSE:ATYM)

Rating:74Outperform
Price Target:
512.00p
▲(9.75%Upside)
The overall stock score is driven by a solid financial foundation with minimal leverage, positive technical indicators, and attractive valuation metrics, including a substantial dividend yield. Corporate events reflect operational success and strategic growth, enhancing investor confidence. However, caution is warranted due to negative free cash flow, necessitating prudent financial management.
Positive Factors
Earnings Projection
Management continues to expect copper production of 48,000-52,000t, maintaining a consistent full-year outlook.
Environmental Authorization
Atalaya has received the Unified Environmental Authorisation for the San Dionisio deposit, which is the last major permit required to mine bulk ore.
Production Growth
A significant uplift in head grades is assumed from the higher-grade polymetallic zones, which supports future production growth.
Negative Factors
Commodity Prices
Analyst reduces target price to 475p as a result of prevailing commodity prices.
Cost Management
Higher waste mining during the period is likely to result in higher costs than previously expected and appears mostly responsible for year-end net cash being €2.9M lower than forecast.
Operational Challenges
Recent periods of significant rainfall have impacted access to certain areas at the bottom of the Cerro Colorado pit.

Atalaya Mining (ATYM) vs. iShares MSCI United Kingdom ETF (EWC)

Atalaya Mining Business Overview & Revenue Model

Company DescriptionAtalaya Mining (ATYM) is a European mining company primarily focused on the production and exploration of copper concentrates. The company's flagship project is the Proyecto Riotinto, located in the Iberian Pyrite Belt in Spain, which is one of the largest copper deposits in Europe. Atalaya Mining is committed to sustainable mining practices and aims to expand its operations through exploration and development of additional mining assets.
How the Company Makes MoneyAtalaya Mining generates revenue primarily through the sale of copper concentrates extracted from its mining operations, specifically from the Proyecto Riotinto. The company sells these concentrates to various smelters and refiners who process them into pure copper for use in industries such as construction, electronics, and transportation. Atalaya's earnings are influenced by global copper prices, production costs, and the efficiency of its mining operations. The company may also engage in strategic partnerships or joint ventures to optimize its resource extraction and expand its market reach, although specific partnerships are subject to change based on market conditions and strategic priorities.

Atalaya Mining Financial Statement Overview

Summary
Atalaya Mining maintains a stable financial position with strong equity and low debt. However, recent revenue declines and negative free cash flow pose challenges to liquidity, requiring careful capital management.
Income Statement
65
Positive
Atalaya Mining showed a stable gross profit margin over the recent years, with the TTM at approximately 15.1%. Despite a decline in total revenue from 2021 to 2024, the company maintained a positive net profit margin of around 9.7% in TTM. The EBIT margin stands at 8.7%, and EBITDA margin is healthy at 23.6%. Revenue growth has been negative recently, indicating challenges in increasing sales.
Balance Sheet
70
Positive
The balance sheet reflects solid financial health with a strong equity position. The debt-to-equity ratio is low at 0.04, indicating minimal leverage. Return on equity is relatively stable at 6.1%. The equity ratio is robust at 76.4%, suggesting the company is well-capitalized and financially stable.
Cash Flow
60
Neutral
Operating cash flow remains positive, but free cash flow has been negative in the TTM, indicating capital expenditures exceed operating cash flow. The operating cash flow to net income ratio is 1.68, suggesting good cash conversion efficiency. However, the free cash flow to net income ratio is negative, pointing to potential liquidity pressures if capital expenditures continue to outpace cash generation.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue326.80M340.35M361.85M405.72M252.78M
Gross Profit49.40M55.92M39.45M181.37M45.62M
EBITDA77.08M77.22M67.48M194.02M62.79M
Net Income31.74M38.77M33.16M133.64M31.48M
Balance Sheet
Total Assets675.85M670.57M663.07M585.41M505.05M
Cash, Cash Equivalents and Short-Term Investments52.90M121.04M126.15M92.14M37.85M
Total Debt21.59M71.06M78.28M52.95M5.39M
Total Liabilities157.31M178.18M196.77M149.51M154.85M
Stockholders Equity516.38M501.50M473.30M440.81M353.69M
Cash Flow
Free Cash Flow-8.01M10.45M-15.09M114.25M28.73M
Operating Cash Flow53.40M64.74M38.50M148.84M59.09M
Investing Cash Flow-66.07M-50.41M-53.53M-87.53M-30.16M
Financing Cash Flow-57.26M-18.50M22.41M1.85M760.00K

Atalaya Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price466.50
Price Trends
50DMA
420.08
Positive
100DMA
391.31
Positive
200DMA
377.67
Positive
Market Momentum
MACD
12.33
Positive
RSI
62.93
Neutral
STOCH
72.80
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 466.5 is above the 20-day moving average (MA) of 454.45, above the 50-day MA of 420.08, and above the 200-day MA of 377.67, indicating a bullish trend. The MACD of 12.33 indicates Positive momentum. The RSI at 62.93 is Neutral, neither overbought nor oversold. The STOCH value of 72.80 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

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
£282.50M7.1813.74%6.22%6.77%32.64%
74
Outperform
£656.64M12.9811.38%7.87%17.22%97.69%
GBGFM
69
Neutral
£353.77M40.764.18%-9.69%-26.86%
64
Neutral
£18.02B27.768.87%1.93%1.69%-3.57%
57
Neutral
£2.64B4.79-9.97%4.11%-2.41%-7.36%
45
Neutral
£285.07M-4.70%39.52%43.71%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ATYM
Atalaya Mining
466.50
36.89
8.59%
GB:ANTO
Antofagasta
1,827.50
-254.04
-12.20%
GB:GFM
Griffin Mining
192.00
34.00
21.52%
GB:CAML
Central Asia Metals
161.80
-21.08
-11.53%
GB:FXPO
Ferrexpo
48.45
3.70
8.27%

Atalaya Mining Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Atalaya Mining Updates Board Committee Composition
Neutral
Jun 24, 2025

Atalaya Mining announced changes to its board committee composition following the retirement of Hussein Barma and the appointment of Hennie Faul. The updated committees include new chairs and members across various roles, such as the Audit, Nomination & Governance, Physical Risk, Sustainability, and Remuneration Committees. These updates are likely to impact the company’s governance and strategic direction, potentially influencing its operational efficiency and stakeholder relations.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Shareholder MeetingsBusiness Operations and Strategy
Atalaya Mining Passes AGM Resolutions Amid Shareholder Dissent
Neutral
Jun 24, 2025

Atalaya Mining announced that all resolutions at its 2025 Annual General Meeting were passed, although some faced significant opposition. Notably, over 20% of proxy votes were against resolutions related to director remuneration and re-election, prompting the company to plan further shareholder consultations to address concerns. This outcome reflects ongoing shareholder scrutiny and could influence Atalaya’s governance and strategic decisions moving forward.

The most recent analyst rating on (GB:ATYM) stock is a Hold with a £420.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Atalaya Mining Appoints New Independent Non-Executive Director
Positive
Jun 20, 2025

Atalaya Mining has announced the appointment of Hendrik ‘Hennie’ Johannes Faul as an independent non-executive director, replacing Hussein Barma after the upcoming Annual General Meeting. Hennie brings over 30 years of mining industry experience, including roles at Anglo American and as CEO of its Copper Business. His expertise in operational, project, and ESG functions is expected to support Atalaya’s sustainable growth. The appointment reflects Atalaya’s strategic focus on enhancing its board with experienced leadership to drive its operations and projects forward.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Shareholder MeetingsDividends
Atalaya Mining Announces 2024 Final Dividend Timetable
Positive
Jun 2, 2025

Atalaya Mining has announced the timetable for its 2024 final dividend, pending shareholder approval at the upcoming AGM on 24 June 2025. The proposed dividend is US$0.03 per share, payable in Euros, with key dates including an ex-dividend date of 3 July 2025 and a payment date of 23 July 2025. The updated AGM resolution has been published and submitted to relevant authorities. This announcement reflects Atalaya’s commitment to returning value to shareholders and may impact investor sentiment positively.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Atalaya Mining Achieves Record Quarterly EBITDA in Q1 2025
Positive
May 29, 2025

Atalaya Mining reported strong financial results for Q1 2025, achieving the highest quarterly EBITDA in its history at €52.5 million. The company produced 14.3 kt of copper, marking its best quarter since Q2 2021, with cash costs and all-in sustaining costs significantly below guidance. The company also advanced its Proyecto Touro permitting process and received environmental authorization for the San Dionisio deposit, allowing for expansion of mining activities. These developments, along with its inclusion in the FTSE 250, position Atalaya favorably in the copper market, which remains tight amid global political developments.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Financial Disclosures
Atalaya Mining to Release Q1 2025 Financial Results
Neutral
May 21, 2025

Atalaya Mining announced it will release its unaudited financial results for the first quarter of 2025 on May 29, 2025. The company will host a webcast for analysts and investors, and provide a live presentation for shareholders, indicating a proactive approach in engaging with stakeholders and maintaining transparency about its financial performance.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Atalaya Mining Secures Environmental Approval for San Dionisio Expansion
Positive
May 15, 2025

Atalaya Mining has received the Unified Environmental Authorisation from the Junta de Andalucía for the San Dionisio deposit, part of its Proyecto Riotinto. This approval allows for expanded mining activities and is expected to enhance copper production by integrating higher-grade material into its operations, marking a significant step in Atalaya’s growth strategy.

The most recent analyst rating on (GB:ATYM) stock is a Hold with a £480.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Shareholder MeetingsBusiness Operations and Strategy
Atalaya Mining Announces 2025 AGM with Remote Participation Options
Neutral
May 14, 2025

Atalaya Mining has announced its 2025 Annual General Meeting (AGM) will be held on 24 June 2025 in Sevilla, Spain, with remote attendance options available. Shareholders are encouraged to vote via proxy as online participation does not allow for voting. The AGM will include a corporate update presentation, providing an opportunity for shareholders to ask questions. This meeting is significant for stakeholders as it will address key corporate matters and provide insights into the company’s strategic direction.

The most recent analyst rating on (GB:ATYM) stock is a Buy with a £575.00 price target. To see the full list of analyst forecasts on Atalaya Mining stock, see the GB:ATYM Stock Forecast page.

Delistings and Listing Changes
Atalaya Mining Joins FTSE 250 Index, Marking Growth Milestone
Positive
May 2, 2025

Atalaya Mining has announced its inclusion in the FTSE 250 Index, effective from May 7, 2025. This milestone reflects the company’s growth since restarting the Riotinto copper mine in 2015, positioning Atalaya as a leading copper producer on the London Stock Exchange. The inclusion is expected to enhance the company’s visibility and attract more investors, benefiting stakeholders and supporting future expansion plans.

Executive/Board ChangesBusiness Operations and Strategy
Atalaya Mining Announces Executive Share Awards Under LTIP 2020
Neutral
Apr 24, 2025

Atalaya Mining has announced conditional share awards under its Long-Term Incentive Plan 2020 to key executives, including the CEO and CFO. These awards are contingent on meeting specific performance conditions over a three-year period and are subject to a two-year holding period post-vesting. This move aims to align management’s interests with long-term company performance, potentially impacting Atalaya’s operational focus and stakeholder confidence.

Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Atalaya Mining Releases 2024 Annual and Sustainability Reports
Positive
Apr 23, 2025

Atalaya Mining has published its 2024 annual reporting documents, including the Annual Report, Report on Payments to Governments, and Sustainability and Climate Change Reports. Additionally, the company has released its first Tailings Storage Facility Public Disclosure Report for Proyecto Riotinto, aligning with global industry standards. These publications reflect Atalaya’s commitment to transparency and sustainability, potentially enhancing its industry positioning and stakeholder trust.

Business Operations and StrategyFinancial Disclosures
Atalaya Mining Reports Strong Q1 2025 Production and Strategic Advancements
Positive
Apr 15, 2025

Atalaya Mining reported a strong start to 2025, achieving its best quarterly production since Q2 2021. The company produced 14,291 tonnes of copper in Q1 2025, a 34% increase from the same period last year, driven by higher ore grades and efficient plant performance. The company maintains a strong balance sheet, with a net cash position of €38.2 million as of March 31, 2025. Atalaya is advancing its growth strategy with ongoing projects in the Riotinto District and Proyecto Touro, which has been declared a strategic industrial project, potentially boosting sustainable copper production in Europe.

Other
Atalaya Mining Director Increases Stake with Significant Share Purchase
Positive
Apr 8, 2025

Atalaya Mining has announced that Jesus Fernandez, a director and person discharging managerial responsibilities, has purchased 32,000 ordinary shares in the company. This transaction increases his total beneficial holding to 138,412 shares, representing approximately 0.098% of the company’s issued share capital. This move reflects confidence in the company’s operations and could have implications for stakeholder perceptions.

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.Date of analysis: Jun 20, 2025