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Atalaya Mining
(LSE:ATYM)
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Rating:73Outperform
Price Target:
825.00 p
▲(0.49% Upside)
Action:Upgraded
Date:05/27/26
The score is driven primarily by strong financial performance (healthy margins, low leverage, and robust operating cash generation), tempered by cyclicality/lumpiness in results. Technicals are neutral-to-mildly positive rather than strongly trending, and valuation is only average given the P/E and modest dividend yield.
Positive Factors
Strong Margins
Sustained high TTM margins indicate efficient mining and processing at Riotinto and structural earnings power. Elevated gross and EBIT margins improve resilience to cost shocks, support internal funding for maintenance and growth, and raise long-term return potential if maintained.
Negative Factors
Commodity Cyclicality
Revenue and margins remain tied to cyclical copper markets, making long-term cash flows and returns variable. Structural exposure means planning, capex timing, and dividend policy must absorb price swings; sustained low prices would erode profitability and investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Margins
Sustained high TTM margins indicate efficient mining and processing at Riotinto and structural earnings power. Elevated gross and EBIT margins improve resilience to cost shocks, support internal funding for maintenance and growth, and raise long-term return potential if maintained.
Read all positive factors
Atalaya Mining (ATYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.30B
Dividend Yield0.74%
Average Volume (3M)1.13M
Price to Earnings (P/E)17.1
Beta (1Y)1.88
Revenue Growth19.96%
EPS Growth39.65%
CountryUK
Employees506
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.57
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)2.86
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
£1,093.33Price Target Upside33.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.13
Revenue Forecast (FY)£571.47M
Atalaya Mining Business Overview & Revenue Model
Company Description
Atalaya Mining Copper, S.A., together with its subsidiaries, engages in the mineral exploration and development in Spain. The company's flagship property is the Proyecto Riotinto, an open-pit copper mine located in the Andalusia region of Spain. I...
How the Company Makes Money
Atalaya Mining primarily makes money by producing and selling copper concentrate from its mining and processing operations at Proyecto Riotinto. Revenue is generated from offtake sales where the payable value is driven mainly by the contained copp...
Atalaya Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 473.55M | 482.92M | 326.80M | 340.35M | 361.85M | 405.72M |
| Gross Profit | 148.66M | 154.41M | 49.40M | 55.92M | 39.45M | 181.37M |
| EBITDA | 170.88M | 168.55M | 77.08M | 77.22M | 67.48M | 194.02M |
| Net Income | 83.55M | 84.03M | 31.74M | 38.77M | 33.16M | 133.64M |
Balance Sheet | ||||||
| Total Assets | 933.43M | 792.61M | 675.85M | 670.57M | 663.07M | 585.41M |
| Cash, Cash Equivalents and Short-Term Investments | 280.07M | 166.57M | 52.90M | 121.04M | 126.15M | 92.14M |
| Total Debt | 17.69M | 48.88M | 21.59M | 71.06M | 78.28M | 52.95M |
| Total Liabilities | 165.47M | 198.66M | 157.31M | 178.18M | 196.77M | 149.51M |
| Stockholders Equity | 764.79M | 590.59M | 516.38M | 501.50M | 473.30M | 440.81M |
Cash Flow | ||||||
| Free Cash Flow | 114.49M | 118.77M | -8.01M | 10.45M | -15.09M | 114.25M |
| Operating Cash Flow | 190.31M | 189.63M | 53.40M | 64.74M | 38.50M | 148.84M |
| Investing Cash Flow | -89.89M | -84.16M | -66.07M | -50.41M | -53.53M | -87.53M |
| Financing Cash Flow | 114.77M | 13.20M | -57.26M | -18.50M | 22.41M | 1.85M |
Atalaya Mining Technical Analysis
Positive
821.00
Price Trends
815.58
Positive
815.92
Positive
800.52
Positive
Market Momentum
-0.28
Negative
54.68
Neutral
74.68
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 821 is above the 20-day moving average (MA) of 807.15, above the 50-day MA of 815.58, and above the 200-day MA of 800.52, indicating a bullish trend. The MACD of -0.28 indicates Negative momentum. The RSI at 54.68 is Neutral, neither overbought nor oversold. The STOCH value of 74.68 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £525.06M | 31.12 | 8.42% | ― | -1.71% | 94.27% | |
73 Outperform | £1.30B | 17.08 | 13.33% | 0.74% | 19.96% | 39.65% | |
70 Outperform | £37.89B | 46.91 | 10.67% | 0.92% | 26.29% | 55.41% | |
63 Neutral | £232.43M | -4.35 | -22.86% | 5.15% | 3.81% | -240.81% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | £469.29M | 39.08 | 22.56% | ― | 200.18% | ― | |
57 Neutral | £168.16M | -4.61 | -29.91% | ― | ― | ― |
* Basic Materials Sector Average
GB:ATYM
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Atalaya Mining Corporate Events
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Atalaya Mining Wins AGM Approval but Faces Pushback on Pay and Governance
Neutral
Jun 25, 2026
Atalaya Mining said shareholders approved all resolutions at its 2026 annual general meeting, including the 2025 annual and sustainability reports, final dividend, changes to share capital authorities, share repurchase powers and updates to its ar...
Business Operations and StrategyDividends
Atalaya Mining Sets Timetable for 2025 Final Dividend
Positive
Jun 25, 2026
Atalaya Mining Copper, S.A., a European copper producer operating the Proyecto Riotinto complex in southwest Spain, manages the Cerro Colorado open pit mine and a large-scale processing plant that can serve as a central hub for its regional projec...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Atalaya cushions weather-hit copper output with strong cash and Spanish growth plans
Positive
May 26, 2026
Atalaya Mining reported a solid start to 2026, delivering EBITDA of €48 million and profit of €28.3 million in the first quarter despite copper production falling to 9,939 tonnes due to heavy rainfall that limited pit access and forced...
Business Operations and StrategyShareholder Meetings
Atalaya Mining Sets London Date and Webcast Access for 2026 AGM
Neutral
May 21, 2026
Atalaya Mining has called its 2026 Annual General Shareholders’ Meeting for 25 June in London, with a first-call date on 24 June under Spanish law but an expectation that the formal session will occur on the second call. Shareholders on the ...
Business Operations and StrategyFinancial Disclosures
Atalaya Mining Sets Date and Investor Events for Q1 2026 Results
Neutral
May 13, 2026
Atalaya Mining Copper, S.A. has announced it will publish its unaudited financial results for the first quarter ended 31 March 2026 on 26 May, alongside condensed consolidated financial statements. The timing signals the next key checkpoint for in...
Business Operations and StrategyExecutive/Board Changes
Atalaya Mining Grants Performance‑Linked Share Awards Under 2020 LTIP
Positive
Apr 28, 2026
Atalaya Mining Copper, S.A. has granted new conditional share awards under its 2020 Long-Term Incentive Plan to senior management and other employees, tying future share allocations to multi‑year performance conditions and continued employme...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Atalaya Mining Publishes Full Suite of 2025 Annual and ESG Reports
Positive
Apr 28, 2026
Atalaya Mining has released its full suite of 2025 annual reporting documents, covering financial performance, statutory disclosures and non-financial information for the year ended 31 December 2025. The 2025 Annual Report and the Report on Paymen...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Atalaya Mining Q1 Output Hit by Heavy Rains but Growth Projects Advance
Neutral
Apr 14, 2026
Atalaya Mining reported that first‑quarter 2026 copper production at Proyecto Riotinto fell to 9,939 tonnes from 14,291 tonnes a year earlier as unusually heavy rains limited access to higher‑grade areas, forcing greater reliance on lo...
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.