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Atalaya Mining (GB:ATYM)
:ATYM
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Atalaya Mining (ATYM) AI Stock Analysis

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GB:ATYM

Atalaya Mining

(LSE:ATYM)

Rating:71Outperform
Price Target:
577.00p
▲(11.18% Upside)
Atalaya Mining's strong financial performance and positive corporate events are the most significant factors driving the score. Technical analysis indicates bullish momentum, though caution is advised due to potential overbought conditions. Valuation is fair, supporting a stable outlook.
Positive Factors
Copper production
Atalaya delivered a stronger-than-expected quarter with copper production of 13.2kt, beating the estimate by 8% on higher throughput/grades.
Dividends
Atalaya announced an interim dividend of US$0.051/sh, 23% above the estimate, implying an annualised dividend yield of ~2%.
Earnings
Atalaya's Q2 results were stronger than expected, delivering a 69% EBITDA beat driven by both revenue and costs.
Negative Factors
Commodity prices
Analyst reduces target price to 475p as a result of prevailing commodity prices.
Production delays
The update suggests a slightly slower ramp up of the higher grade San Dionisio pit next year.
Weather impact
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 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 MoneyAtalaya Mining generates revenue primarily through the sale of copper concentrate produced at its operating mines. The company benefits from a robust revenue model that includes mining operations, processing of ore to produce concentrate, and the sale of this concentrate to smelters and traders. Key revenue streams are further bolstered by copper price fluctuations in the global market, strategic partnerships with local and international stakeholders, and ongoing exploration efforts that may lead to new resource discoveries. Additionally, Atalaya's focus on operational efficiency and cost management helps enhance its profitability.

Atalaya Mining Financial Statement Overview

Summary
Atalaya Mining demonstrates reasonable financial stability with a low debt profile and strong equity base. Despite revenue declines, profitability metrics remain decent, supported by effective cost management. However, negative free cash flow indicates a need for careful management of capital expenditures and cash reserves.
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue387.53M326.80M340.35M361.85M405.72M252.78M
Gross Profit91.35M49.40M55.92M39.45M181.37M45.62M
EBITDA115.77M77.08M77.22M67.48M194.02M62.79M
Net Income60.18M31.74M38.77M33.16M133.64M31.48M
Balance Sheet
Total Assets725.37M675.85M670.57M663.07M585.41M505.05M
Cash, Cash Equivalents and Short-Term Investments69.69M52.90M121.04M126.15M92.14M37.85M
Total Debt35.20M21.59M71.06M78.28M52.95M5.39M
Total Liabilities176.13M157.31M178.18M196.77M149.51M154.85M
Stockholders Equity547.09M516.38M501.50M473.30M440.81M353.69M
Cash Flow
Free Cash Flow18.99M-8.01M10.45M-15.09M114.25M28.73M
Operating Cash Flow81.18M53.40M64.74M38.50M148.84M59.09M
Investing Cash Flow-70.59M-66.07M-50.41M-53.53M-87.53M-30.16M
Financing Cash Flow-26.86M-57.26M-18.50M22.41M1.85M760.00K

Atalaya Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price519.00
Price Trends
50DMA
465.40
Positive
100DMA
422.58
Positive
200DMA
391.53
Positive
Market Momentum
MACD
10.62
Negative
RSI
68.13
Neutral
STOCH
72.12
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 519 is above the 20-day moving average (MA) of 475.23, above the 50-day MA of 465.40, and above the 200-day MA of 391.53, indicating a bullish trend. The MACD of 10.62 indicates Negative momentum. The RSI at 68.13 is Neutral, neither overbought nor oversold. The STOCH value of 72.12 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 (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
£275.52M7.0013.74%7.34%6.77%32.64%
71
Outperform
£723.50M11.5113.54%1.03%21.25%108.30%
71
Outperform
£346.30M40.134.18%-9.69%-26.86%
67
Neutral
£20.66B24.4911.88%1.12%1.69%-3.57%
51
Neutral
£295.95M-33.39%-5.85%-413.36%
44
Neutral
AU$1.54B-7.28-22.62%4.34%-3.13%-36.41%
£1.01B-53.82%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:ATYM
Atalaya Mining
519.00
141.21
37.38%
GB:ANTO
Antofagasta
2,122.00
269.99
14.58%
GB:CAML
Central Asia Metals
160.20
-17.71
-9.95%
GB:FXPO
Ferrexpo
53.20
4.75
9.80%
GB:GFM
Griffin Mining
189.00
71.00
60.17%
GB:ADT1
Adriatic Metals Plc
297.50
141.30
90.46%

Atalaya Mining Corporate Events

DividendsBusiness Operations and StrategyFinancial Disclosures
Atalaya Mining Reports Record Financial Results and Positive Outlook for 2025
Positive
Aug 12, 2025

Atalaya Mining has reported record financial results for Q2 and H1 2025, with significant increases in EBITDA and net cash position, driven by improved copper grades and operational efficiencies. The company has revised its production and cost guidance positively, declared an interim dividend, and is advancing its growth projects, which are expected to strengthen its industry positioning and benefit stakeholders.

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 Announce Q2 and H1 2025 Financial Results
Neutral
Jul 23, 2025

Atalaya Mining announced it will release its unaudited financial results for the second quarter and first half of 2025 on August 12, 2025. The company will host a webcast and a live presentation for analysts, investors, and shareholders, providing insights into its financial performance and 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.

Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Atalaya Mining Reports Strong Q2 2025 Performance and Strategic Advancements
Positive
Jul 15, 2025

Atalaya Mining reported consistent operational performance in Q2 2025, with significant progress in its strategic projects. The company saw a growing cash position and maintained its copper production guidance for the year. Regulatory approvals for San Dionisio and advancements in Proyecto Touro and Masa Valverde highlight Atalaya’s efforts to enhance copper output and secure its position in the European market. The ongoing development and drilling activities are expected to contribute to higher-grade copper production and operational efficiency, benefiting stakeholders and supporting the company’s growth strategy.

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 Strategy
Atalaya Mining Reports High-Grade Copper Zones at Masa Valverde
Positive
Jul 10, 2025

Atalaya Mining has announced promising results from its drilling program at Proyecto Masa Valverde, highlighting high-grade copper zones that are expected to be the focus for initial mine development. The drilling results, which include significant copper intercepts, support the company’s strategy to process the mineralization at its existing Riotinto facilities, enhancing its operational efficiency. The development of the Masa Valverde deposit is anticipated to proceed following the completion of land purchases and board approvals, with the potential to extend Atalaya’s production capabilities and strengthen its position in the mining sector.

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.

Executive/Board ChangesBusiness Operations and Strategy
Atalaya Mining Grants Share Options to Executives
Positive
Jul 10, 2025

Atalaya Mining Copper, S.A. announced the granting of share options to key executives under its Long-Term Incentive Plan 2020. The options, which vest in stages over two years, aim to align management’s interests with company performance and shareholder value. This move is expected to strengthen Atalaya’s leadership team and support its strategic objectives, potentially enhancing its competitive position in the copper industry.

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.

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.

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: Aug 13, 2025