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Andrada Mining (ATM) AI Stock Analysis

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GB:ATM

Andrada Mining

(LSE:ATM)

Select Model
Rating:52Neutral
Price Target:GBX 7.50â–²(22.95% Upside)
Action:reiterated
Date:09/06/26

The score is held back primarily by weak financial fundamentals—persistent net losses, negative free cash flow, and rising leverage—despite clear operational improvement and revenue growth. Technicals are a meaningful offset, showing strong bullish trend and momentum, though overbought indicators increase near-term volatility risk. Valuation remains less supportive due to losses and the absence of a dividend yield.

Positive Factors
Strong revenue growthThe substantial increase in revenue indicates that Andrada is scaling its mining and processing operations and gaining commercial traction. Continued top-line expansion can improve operating leverage, support reinvestment in capacity, and strengthen the company’s position in critical minerals.
Negative Factors
Persistent net lossesDespite stronger revenue and EBITDA, substantial net losses show that operating progress has not yet translated into bottom-line profitability. Continued charges, depreciation, amortization, or other costs could consume operating gains and delay the company’s path to self-sustaining earnings.

Andrada Mining (ATM) vs. iShares MSCI United Kingdom ETF (EWC)

-25%0%25%50%75%100%125%150%GB:ATM+103.33%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 134.84M
Dividend Yield
―
Average Volume (3M)
10.15M
Price to Earnings (P/E)
-22.6
Beta (1Y)
0.90
Revenue Growth
53.04%
EPS Growth
50.88%
Country
UK
Employees
331
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

Andrada Mining Business Overview & Revenue Model

Company Description

AfriTin Mining Limited, along with its various subsidiaries, is actively engaged in the discovery and advancement of mineral projects throughout Namibia and South Africa. Its most significant holding is the Uis brownfield tin mine, an operation locat...

How the Company Makes Money

Andrada Mining makes money primarily by producing and selling mineral concentrates from its mining and processing operations. Its core revenue stream is the sale of tin concentrate to downstream buyers (e.g., traders, smelters, or industrial customer...

Andrada Mining Financial Statement Overview

Summary

Operations are improving (2026 gross margin ~23.3%, EBITDA margin ~20.0%, and operating cash flow turned positive at ~2.95M), supported by strong multi-year revenue growth (~5.0M in 2021 to ~30.1M in 2026). However, profitability and funding risk remain high due to a deeply negative 2026 net margin (~-35.6%), consistently negative ROE (~-45.9% in 2026), negative free cash flow (~-4.0M in 2026), and rising leverage (debt ~20.3M; debt-to-equity ~0.87).

Income Statement

38Negative

Balance Sheet

46Neutral

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Feb 2024Feb 2023Aug 2022
Income Statement
Total Revenue38.50M30.09M23.81M17.97M9.83M13.62M
Gross Profit13.37M7.02M2.96M1.72M-681.94K4.31M
EBITDA4.93M5.99M-1.25M-4.35M-5.91M2.56M
Net Income-5.17M-10.70M-9.77M-8.44M-7.75M-815.64K
Balance Sheet
Total Assets98.53M88.23M69.57M66.20M47.47M37.07M
Cash, Cash Equivalents and Short-Term Investments15.60M8.92M2.70M14.51M8.21M7.37M
Total Debt24.35M20.32M22.21M14.66M7.18M5.48M
Total Liabilities62.07M62.70M45.86M34.14M11.80M9.61M
Stockholders Equity34.24M23.31M23.71M32.61M35.82M27.28M
Cash Flow
Free Cash Flow-2.79M-4.00M-18.92M-18.87M-18.19M-5.42M
Operating Cash Flow7.69M2.95M-4.00M-3.74M-4.93M569.06K
Investing Cash Flow-12.65M-8.07M-12.86M-14.92M-13.26M-5.99M
Financing Cash Flow19.16M11.96M4.25M25.22M19.04M11.46M

Andrada Mining Technical Analysis

Technical Analysis SentimentNeutral
Last Price6.10

Price Trends

50DMA6.49Negative
100DMA5.25Positive
200DMA4.55Positive

Market Momentum

MACD-0.07Positive
RSI37.30Neutral
STOCH8.58Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATM, the sentiment is Neutral. The current price of 6.10 is below the 20-day moving average (MA) of 6.68, below the 50-day MA of 6.49, and above the 200-day MA of 4.55, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 37.30 is Neutral, neither overbought nor oversold. The STOCH value of 8.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:ATM.

Andrada Mining Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:ATM against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:ATMGB:ATM52NeutralGBP 134.84M-22.59-17.96%―53.04%50.88%
GB:ALLGB:ALL50NeutralGBP 131.45M-33.68-14.73%――-2.08%
GB:CTLGB:CTL50NeutralGBP 25.56M-2.92-22.32%――65.32%
GB:BHLGB:BHL42NeutralGBP 7.41M-2.32-19.28%―――

* Basic Materials Sector Average

Performance Comparison

0%50%100%150%GB:ATMGB:ALLGB:BHLGB:CTLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:ATM and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:ATMAndrada Mining Limited6.103.0096.77%
GB:ALLAtlantic Lithium Ltd.16.407.5084.27%
GB:BHLBradda Head Lithium Limited1.30-0.10-7.14%
GB:CTLCleanTech Lithium PLC7.001.2020.69%

Andrada Mining Corporate Events

Business Operations and StrategyExecutive/Board Changes

Andrada Mining Overhauls Board to Back Next Phase of Growth

Positive
Aug 28, 2026

Andrada Mining has reshaped its board to support the next phase of growth, appointing mining executive Neil Gawthorpe and governance specialist Lili Alexandra Nupen‑Staude as independent non‑executive directors. Both bring extensive exper...

Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings

Andrada Mining Turns Cash-Positive as Tin Output and Critical Minerals Strategy Gain Traction

Positive
Aug 28, 2026

Andrada Mining reported strong operational and financial performance for the year to 28 February 2026, with ore processed up 8% year-on-year and tin concentrate output rising 15% to 1,740 tonnes. Contained tin production grew 13% to 1,036 tonnes, whi...

Business Operations and Strategy

Andrada Mining Confirms High-Grade Polymetallic Lithium Intercepts at Namibia’s Lithium Ridge

Positive
Aug 26, 2026

Andrada Mining has reported a fourth batch of diamond drilling results from its Lithium Ridge project in Namibia, confirming extensive high-grade lithium mineralisation along strike and at depth. Key intercepts include 24.08 metres at 2.00% Li2O in h...

Business Operations and StrategyPrivate Placements and Financing

Andrada secures NAD98m to expand ore-sorting at Namibia’s Uis tin mine

Positive
Aug 17, 2026

Andrada Mining’s Namibian subsidiary Uis Tin Mining Company has secured NAD98 million in senior secured loan facilities from Bank Windhoek and the Development Bank of Namibia. The 10-year funding package completes financing for operational upgr...

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Andrada Mining wins Namibian approval for $51m Brandberg West earn-in deal

Positive
Aug 5, 2026

Andrada Mining has secured unconditional approval from the Namibian Competition Commission for its earn-in agreement on the Brandberg West project with ACAM’s subsidiary BWCAM. The deal underpins Andrada’s strategy of using partnerships a...

Business Operations and Strategy

Andrada extends Lithium Ridge strike to 9km with high-grade polymetallic results

Positive
Jul 28, 2026

Andrada Mining has extended the known surface mineralisation at its Lithium Ridge project in Namibia by 50%, with the main trend now mapped over nine kilometres. The company’s licence-wide mapping and grab sampling programme, undertaken as part...

Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and Financing

Andrada Mining posts record tin output and advances lithium and tungsten growth pipeline

Positive
Jun 29, 2026

Andrada Mining reported a strong start to its 2027 financial year, with record quarterly tin output from the Uis mine driven by higher plant throughput and stable recoveries, supported by elevated tin prices that are expected to bolster cash generati...

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: Sep 06, 2026