Atalaya Mining plc (GB:ATYM)
LSE:ATYM
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Atalaya Mining
(LSE:ATYM)
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Rating:65Neutral
Price Target:
765.00 p
▲(7.90% Upside)
Action:ReiteratedDate:03/20/26
The score is supported primarily by strong TTM profitability and a very conservative balance sheet with low leverage, which helps resilience in a cyclical industry. Offsetting this, the stock’s technical picture is clearly bearish (price far below key moving averages with negative MACD), and valuation/income support is only moderate (P/E ~23, sub-1% yield).
Positive Factors
Conservative balance sheet (very low leverage)
Very low debt-to-equity (~0.05) and a sizable equity base materially reduce solvency risk in a cyclical copper business. This durable capital structure supports resilience through price cycles, preserves optionality for capex or expansions, and limits refinancing pressure during downturns.
Negative Factors
Earnings and cash flow volatility
Historic swings in free cash flow (negative in 2022 and 2024, only partial conversion of recent net income) point to susceptibility to capex timing and working-capital swings. That volatility complicates multi-period planning and can constrain distributable cash in weaker cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (very low leverage)
Very low debt-to-equity (~0.05) and a sizable equity base materially reduce solvency risk in a cyclical copper business. This durable capital structure supports resilience through price cycles, preserves optionality for capex or expansions, and limits refinancing pressure during downturns.
Read all positive factors
Atalaya Mining (ATYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.15B
Dividend Yield0.74%
Average Volume (3M)1.13M
Price to Earnings (P/E)16.4
Beta (1Y)2.01
Revenue Growth23.97%
EPS Growth216.41%
CountryUK
Employees492
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.21
Shares Outstanding153,759,050
10 Day Avg. Volume582,103
30 Day Avg. Volume1,128,272
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)2.34
Price to Sales (P/S)2.94
P/FCF Ratio11.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,066.25Price Target Upside50.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.19
Revenue Forecast (FY)£548.74M
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 S...
How the Company Makes Money
Atalaya Mining makes money mainly by producing and selling copper concentrate generated from mining and processing ore at its operations (notably the Riotinto copper project in Spain). Revenue is earned when copper concentrate is sold to third-par...
Atalaya Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 469.08M | 326.80M | 340.35M | 361.85M | 405.72M |
| Gross Profit | 137.45M | 49.40M | 55.92M | 39.45M | 181.37M |
| EBITDA | 167.44M | 77.08M | 77.22M | 67.48M | 194.02M |
| Net Income | 84.03M | 31.74M | 38.77M | 33.16M | 133.64M |
Balance Sheet | |||||
| Total Assets | 792.61M | 675.85M | 670.57M | 663.07M | 585.41M |
| Cash, Cash Equivalents and Short-Term Investments | 166.57M | 52.90M | 121.04M | 126.15M | 92.14M |
| Total Debt | 48.88M | 21.59M | 71.06M | 78.28M | 52.95M |
| Total Liabilities | 198.66M | 157.31M | 178.18M | 196.77M | 149.51M |
| Stockholders Equity | 590.59M | 516.38M | 501.50M | 473.30M | 440.81M |
Cash Flow | |||||
| Free Cash Flow | 118.77M | -8.01M | 10.45M | -15.09M | 114.25M |
| Operating Cash Flow | 189.63M | 53.40M | 64.74M | 38.50M | 148.84M |
| Investing Cash Flow | -84.16M | -66.07M | -50.41M | -53.53M | -87.53M |
| Financing Cash Flow | 13.20M | -57.26M | -18.50M | 22.41M | 1.85M |
Atalaya Mining Technical Analysis
Neutral
709.00
Price Trends
909.14
Negative
848.84
Negative
696.92
Positive
Market Momentum
-62.23
Positive
40.79
Neutral
44.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATYM, the sentiment is Neutral. The current price of 709 is below the 20-day moving average (MA) of 793.95, below the 50-day MA of 909.14, and above the 200-day MA of 696.92, indicating a neutral trend. The MACD of -62.23 indicates Positive momentum. The RSI at 40.79 is Neutral, neither overbought nor oversold. The STOCH value of 44.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ATYM.
Atalaya Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £34.33B | 32.06 | 10.67% | 0.92% | 13.52% | 38.75% | |
65 Neutral | £1.15B | 16.42 | 15.06% | 0.74% | 23.97% | 216.41% | |
65 Neutral | £492.69M | 11.82 | 3.23% | ― | -32.18% | -58.29% | |
63 Neutral | £288.33M | -5.82 | -22.86% | 5.15% | 5.70% | -9.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | £249.76M | -0.48 | -29.91% | ― | -5.85% | -413.36% | |
47 Neutral | £260.13M | 13.71 | -12.56% | ― | 129.53% | 70.68% |
* Basic Materials Sector Average
GB:ATYM
Atalaya Mining
748.00
412.96
123.26%
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169.20
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11.96%
GB:FXPO
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GB:GFM
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55.00%
Atalaya Mining Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Atalaya Mining Posts Strong 2025 Results and Extends Spanish Copper Growth Push
Positive
Mar 19, 2026
Atalaya Mining reported strong 2025 results, with copper production of 51,139 tonnes at the top end of guidance, record plant throughput and reduced cash costs of $2.40 per pound, helped by higher production, improved recoveries and better by̴...
Business Operations and StrategyFinancial Disclosures
Atalaya Mining Sets 19 March Date for 2025 Annual Results and Investor Webcasts
Neutral
Mar 5, 2026
Atalaya Mining Copper, S.A. will publish its annual financial results for the year ended 31 December 2025 on 19 March 2026, alongside its audited consolidated accounts. The London-listed copper producer is signalling transparency and active invest...
Business Operations and StrategyPrivate Placements and Financing
Atalaya Mining Raises £130m to Accelerate Spanish Copper Growth Projects
Positive
Jan 28, 2026
Atalaya Mining has raised £130 million in gross proceeds through a significantly oversubscribed equity fundraise comprising a placing of 12.73 million new shares with institutional investors and existing shareholders and a retail offer of 270...
Business Operations and StrategyPrivate Placements and Financing
Atalaya Mining Launches £130 Million Equity Raise to Accelerate Spanish Copper Growth
Positive
Jan 27, 2026
Atalaya Mining plans to raise about £130 million through a non-pre-emptive institutional placing and a separate UK retail offer of new shares, with admission of the new stock to trading on the London Stock Exchange targeted for early February...
Business Operations and StrategyPrivate Placements and Financing
Atalaya Mining Launches Retail Share Offer to Fund Spanish Copper Growth Projects
Positive
Jan 27, 2026
Atalaya Mining Copper, S.A. has launched a conditional retail offer of new ordinary shares via platform provider RetailBook, alongside a separate placing of new shares to institutional investors, as part of a wider equity fundraise. The proceeds a...
Business Operations and StrategyFinancial Disclosures
Atalaya Mining Hits Top End of 2025 Copper Guidance and Sets Higher 2026 Target
Positive
Jan 14, 2026
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 c...
Business Operations and StrategyExecutive/Board Changes
Atalaya Mining strengthens board with appointment of veteran geologist as independent director
Positive
Dec 30, 2025
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 20...
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.