Atico Mining (ATY) AI Stock Analysis

• Market Cap: C$63.18M
• Dividend Yield: N/A
• Average Volume (3M): 188.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -19.56%
• EPS Growth: -394.65%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 180,519,260
• 10 Day Avg. Volume: 195,105
• 30 Day Avg. Volume: 188,154
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.22
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 1.28
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$0.36 ▲(78.50% Upside)

The score is held back primarily by weak financial performance (sharp revenue decline, negative margins, and poor ROE) and limited valuation support due to losses (negative P/E and no dividend yield). These are partly offset by positive technical trend signals (price above major moving averages and positive MACD), though overbought indicators (RSI and Stoch) add near-term risk.

Positive Factors

Manageable Leverage

A moderate debt-to-equity of 0.48 implies manageable leverage that preserves financial flexibility. Over the next 2–6 months this supports the company’s ability to fund mining operations and development without excessive refinancing risk, helping absorb commodity volatility.

Operating Cash Generation

An OCF-to-net-income ratio of 0.69 shows the business still converts a meaningful portion of reported losses into cash. Durable cash generation from operations can sustain near-term operating needs, support exploration or modest capex, and reduce reliance on external funding.

High‑grade Core Asset & Commodity Exposure

Ownership of the high-grade El Roble copper-gold asset and a focus on copper/gold in Latin America align with long-term commodity demand and provide a foundation for cashflow. High-grade ore improves unit economics and supports sustainable production profiles over time.

Negative Factors

Sharp Revenue Decline

A 32.6% TTM revenue decline is a durable headwind that reduces scale, undermines margins, and constrains reinvestment in projects and exploration. Sustained top-line contraction limits the company’s ability to absorb fixed costs and invest in long‑term growth initiatives.

Negative Profitability and Returns

Persistent negative margins and a -31.9% ROE signal structural operating inefficiencies or pricing/cost pressures. Ongoing losses erode equity, hinder retained-capital accumulation, and impair the company’s ability to self-fund development projects or deliver shareholder value over time.

Declining Free Cash Flow

A near-55% drop in FCF growth materially reduces financial headroom for capex, exploration, debt reduction, or dividends. Weak FCF increases reliance on external financing, raising dilution or cost-of-capital risks and limiting the company’s ability to execute long-term development plans.

Atico Mining Business Overview & Revenue Model

Company Description

Atico Mining Corporation (ATY) is a Canadian-based mining company engaged in the exploration, development, and production of base metals, primarily copper and gold. The company operates in the mining sector, focusing on projects in Latin America, particularly in Ecuador and Colombia. Atico's core assets include the El Roble mine in Colombia, which is known for its high-grade copper and gold production, and various exploration projects aimed at expanding its resource base. The company is committed to sustainable mining practices and aims to create long-term value for its stakeholders.

How the Company Makes Money

Atico Mining generates revenue primarily through the production and sale of copper and gold concentrates from its mining operations. The company sells its metal concentrates to various customers, including smelters and refiners, which form the primary revenue stream. Additionally, Atico may benefit from fluctuating commodity prices, as the value of copper and gold can significantly impact earnings. The company also engages in exploration activities to identify new resources, which can lead to future revenue opportunities. Partnerships with local governments and mining entities can enhance its operational capabilities and market access, contributing to its overall financial performance.

Atico Mining Financial Statement Overview

Summary

Weak profitability and operating performance drive a low score: revenue is down 32.64% (TTM) with a -17.82% net margin and negative EBIT/EBITDA margins. Leverage is moderate (debt-to-equity 0.48), but returns are poor (ROE -31.87%). Cash generation is mixed, with operating cash flow partly supporting results (OCF to net income 0.69) but sharply weaker free cash flow (FCF growth -54.88%).

Income Statement

Atico Mining's income statement reveals significant challenges with declining revenue and profitability. The TTM data shows a substantial revenue decline of 32.64% and a negative net profit margin of -17.82%, indicating operational inefficiencies. The gross profit margin remains modest at 20.96%, but the negative EBIT and EBITDA margins highlight ongoing financial struggles. The company needs to address these issues to improve its financial health.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.48, suggesting manageable leverage. However, the return on equity is negative at -31.87%, reflecting poor profitability. The equity ratio is not explicitly provided, but the overall balance sheet stability is compromised by declining equity and high debt levels. Improving profitability and reducing debt could enhance financial stability.

Cash Flow

Cash flow analysis indicates a mixed performance. The operating cash flow to net income ratio is 0.69, showing some ability to generate cash from operations despite negative net income. However, free cash flow growth is negative at -54.88%, raising concerns about the company's ability to fund operations and investments. Strengthening cash generation and managing expenses are crucial for future growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	54.39M	68.46M	57.54M	65.17M	72.69M	59.57M
Gross Profit	9.28M	14.04M	7.43M	15.99M	28.03M	18.07M
EBITDA	-15.12M	-7.01M	7.94M	21.90M	30.18M	25.06M
Net Income	-19.23M	-17.13M	-5.67M	-3.67M	5.77M	7.24M
Balance Sheet
Total Assets	151.96M	99.28M	115.19M	121.02M	115.94M	115.56M
Cash, Cash Equivalents and Short-Term Investments	6.80M	3.06M	8.30M	15.23M	14.62M	16.65M
Total Debt	14.00M	23.44M	26.63M	22.92M	10.43M	10.81M
Total Liabilities	91.06M	57.84M	54.40M	54.07M	44.65M	41.74M
Stockholders Equity	43.18M	40.54M	57.47M	62.88M	65.88M	60.17M
Cash Flow
Free Cash Flow	7.99M	6.89M	-2.72M	-3.30M	10.76M	7.02M
Operating Cash Flow	15.61M	16.68M	8.27M	9.65M	29.85M	17.88M
Investing Cash Flow	-16.13M	-16.57M	-15.93M	-14.07M	-29.53M	-11.48M
Financing Cash Flow	-1.29M	-5.32M	708.46K	5.10M	-2.34M	3.11M

Atico Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 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 TSE:ATY, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.24, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 68.66 is Neutral, neither overbought nor oversold. The STOCH value of 67.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ATY.

Atico Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ATY	54 Neutral	C$63.18M	-1.72	-38.09%	―	-19.56%	-394.65%
AAN	52 Neutral	C$81.57M	-6.43	―	―	―	―
SLV	50 Neutral	C$37.01M	-28.26	―	―	―	-1.67%
COR	47 Neutral	C$47.05M	49.36	9.47%	―	―	93.20%
PGZ	45 Neutral	C$51.48M	-6.53	-95.37%	―	―	10.91%

Atico Mining Corporate Events

Atico Mining Extends High-Grade Copper-Gold Mineralization at El Roble Mine

Atico Mining reported strong 2025 drilling results from 21 underground holes at its El Roble mine in Colombia, including several high-grade copper and gold intercepts such as 10.20 metres grading 6.26% copper and 8.50 grams per tonne gold, and 10.00 metres grading 6.77% copper and 3.39 grams per tonne gold. The new intersections, many in areas of historical mining, extend the known boundaries of the “Cuerpo Principal Inferior” ore body and confirm that mineralization remains open at depth and along strike, indicating potential to expand the current resource base and support longer-term operations at El Roble; the company plans to continue its drilling campaign through 2026 while maintaining strict quality assurance and quality control procedures.

The most recent analyst rating on (TSE:ATY) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Atico Mining stock, see the TSE:ATY Stock Forecast page.

Atico Extends High-Grade Copper-Gold Mineralization at El Roble Mine in Colombia

Atico Mining has reported strong 2025 underground drilling results at its El Roble mine in Colombia, with multiple high-grade copper and gold intercepts, including intervals of 10.20 metres grading 6.26% copper and 8.50 g/t gold, and 10.00 metres grading 6.77% copper and 3.39 g/t gold. The 21 reported drill holes, which targeted areas of historical mining and minimally drilled zones, have successfully expanded the known mineralized envelope of the ¨Cuerpo Principal Inferior¨ ore body and confirmed that high-grade massive sulphide mineralization remains open at depth and along strike. Management indicates these results support continued drilling through 2026 to grow tonnage and potentially extend the mine’s life, with implications for higher future production and improved resource confidence at one of the company’s core producing assets.

The most recent analyst rating on (TSE:ATY) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Atico Mining stock, see the TSE:ATY Stock Forecast page.

Atico Mining Sees Production Rebound Ahead After Transitional Year at El Roble

Atico Mining reported that its El Roble mine produced 2.6 million pounds of copper and 2,203 ounces of gold in the fourth quarter of 2025, bringing full-year output to 9.2 million pounds of copper and 8,013 ounces of gold, representing year-over-year declines of 32% and 12%, respectively, as the operation transitioned to newly identified reserves in the upper parts of the mine. Management said Q4 marked the strongest quarter of the year and confirmed that 2025 results met updated guidance on most key metrics, while issuing 2026 guidance that calls for a significant rebound to 11.5–12.5 million pounds of copper and 9,000–10,000 ounces of gold at C1 cash costs of $1.50–$1.60 per pound, underpinned by the planned completion of mining lower-grade reserves, expanded in-mine and near-mine drilling at El Roble to extend mine life, and continued permitting work at the La Plata project ahead of a potential construction decision later in the year.

The most recent analyst rating on (TSE:ATY) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Atico Mining stock, see the TSE:ATY Stock Forecast page.

Atico Mining to Amend Debenture Agreement with Dundee

Atico Mining Corporation has announced its intention to amend and restate its existing debenture agreement with Dundee Corporation, extending the maturity date to December 16, 2027, with a 12% annual interest rate on the outstanding principal amount. The amendment includes issuing 1,000,000 non-transferable common share purchase warrants to Dundee, with the closing expected around December 16, 2025, subject to customary conditions and approvals. This strategic financial maneuver could enhance Atico’s operational flexibility and strengthen its market position, potentially impacting stakeholders positively.

The most recent analyst rating on (TSE:ATY) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Atico Mining stock, see the TSE:ATY Stock Forecast page.

Atico Mining Reports High-Grade Intercepts and Extends Ore Body at El Roble Mine

Atico Mining Corporation has reported positive results from its 2025 drilling campaign at the El Roble mine in Colombia, highlighting multiple high-grade copper and gold intercepts. The drilling has extended the ore body and discovered a new sulfide body adjacent to the main ore body, indicating strong potential for further mineralization. These findings bolster confidence in the presence of additional high-grade mineralization both within and beyond historically defined bodies, with plans to continue the drilling program throughout the year.

Atico Mining Reports Q3 2025 Financial Results Amid Shipping Delays

Atico Mining Corporation reported a net loss of $4.1 million for the third quarter of 2025, primarily due to a shipping delay in Colombia that deferred concentrate sales to the next quarter. Despite the financial setback, the company reduced its credit facilities and loans by $5.4 million and benefited from higher metal prices, allowing it to mine from previously unreserved lower zones of the El Roble mine. The company anticipates improved production in the next quarter due to higher copper grades from the upper zones.

Atico Mining Grants Incentive Stock Options to Team

Atico Mining Corporation has granted 7,151,055 incentive stock options to its directors, officers, employees, and consultants, exercisable at $0.19 per share for five years, pending TSX Venture exchange approval. This move is part of Atico’s strategy to incentivize its team as it continues to focus on its mining operations and development projects in Latin America, potentially impacting its operational growth and stakeholder engagement.