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Andrada Mining
(LSE:ATM)
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Rating:52Neutral
Price Target:
6.50 p
▲(10.17% 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 growth
The substantial increase in revenue shows that Andrada has expanded its operating scale and converted its mining and processing activities into a larger commercial base. Continued growth provides a stronger platform for absorbing fixed costs, improving utilization, and supporting future production development.
Negative Factors
Persistent net losses
Despite improved gross margin and EBITDA, Andrada has not yet converted operating progress into bottom-line profitability. Persistent net losses weaken retained capital, limit financial flexibility, and indicate that depreciation, financing, or other charges remain material to the company’s earnings profile.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
The substantial increase in revenue shows that Andrada has expanded its operating scale and converted its mining and processing activities into a larger commercial base. Continued growth provides a stronger platform for absorbing fixed costs, improving utilization, and supporting future production development.
Read all positive factors
Andrada Mining (ATM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£142.49M
Dividend YieldN/A
Average Volume (3M)10.61M
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth26.39%
EPS Growth5.00%
CountryUK
Employees331
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,198,914,800
10 Day Avg. Volume14,814,592
30 Day Avg. Volume10,607,442
Financial Highlights & Ratios
PEG Ratio4.22
Price to Book (P/B)3.22
Price to Sales (P/S)2.49
P/FCF Ratio-18.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£54.95M
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 lo...
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 custo...
Andrada Mining Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 30.09M | 23.81M | 17.97M | 9.83M | 13.62M |
| Gross Profit | 7.02M | 2.96M | 1.72M | -681.94K | 4.31M |
| EBITDA | 5.99M | -1.25M | -4.35M | -5.91M | 2.56M |
| Net Income | -10.70M | -9.77M | -8.44M | -7.75M | -815.64K |
Balance Sheet | |||||
| Total Assets | 88.23M | 69.57M | 66.20M | 47.47M | 37.07M |
| Cash, Cash Equivalents and Short-Term Investments | 8.92M | 2.70M | 14.51M | 8.21M | 7.37M |
| Total Debt | 20.32M | 22.21M | 14.66M | 7.18M | 5.48M |
| Total Liabilities | 62.70M | 45.86M | 34.14M | 11.80M | 9.61M |
| Stockholders Equity | 23.31M | 23.71M | 32.61M | 35.82M | 27.28M |
Cash Flow | |||||
| Free Cash Flow | -4.00M | -18.92M | -18.87M | -18.19M | -5.42M |
| Operating Cash Flow | 2.95M | -4.00M | -3.74M | -4.93M | 569.06K |
| Investing Cash Flow | -8.07M | -12.86M | -14.92M | -13.26M | -5.99M |
| Financing Cash Flow | 11.96M | 4.25M | 25.22M | 19.04M | 11.46M |
Andrada Mining Technical Analysis
Positive
5.90
Price Trends
4.52
Positive
4.23
Positive
3.96
Positive
Market Momentum
0.58
Negative
71.07
Negative
80.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATM, the sentiment is Positive. The current price of 5.9 is above the 20-day moving average (MA) of 5.41, above the 50-day MA of 4.52, and above the 200-day MA of 3.96, indicating a bullish trend. The MACD of 0.58 indicates Negative momentum. The RSI at 71.07 is Negative, neither overbought nor oversold. The STOCH value of 80.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ATM.
Andrada Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £142.49M | -11.57 | -43.82% | ― | 26.39% | 5.00% | |
48 Neutral | £12.54M | -3.96 | -19.28% | ― | ― | ― | |
41 Neutral | £21.91M | -2.70 | -16.51% | ― | ― | 76.95% | |
32 Underperform | £7.42M | -0.27 | -35.82% | ― | ― | -153.57% | |
29 Underperform | £120.63M | -31.72 | -15.04% | ― | ― | 36.62% |
* Basic Materials Sector Average
GB:ATM
Andrada Mining
6.30
2.85
82.61%
GB:ALL
Atlantic Lithium
15.10
5.62
59.28%
GB:BHL
Bradda Head Lithium Limited
2.05
1.07
109.18%
GB:TM1
Technology Minerals PLC
0.06
-0.03
-34.44%
GB:CTL
CleanTech Lithium PLC
6.00
0.75
14.29%
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 ex...
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, ...
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 i...
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 u...
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 partnership...
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 p...
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 gener...
Business Operations and Strategy
Andrada Confirms High-Grade Lithium and Polymetallic Potential at Namibia’s Lithium Ridge
Positive
Jun 9, 2026
Andrada Mining has reported a third batch of drilling results from its Lithium Ridge project in Namibia, confirming consistent high-grade lithium mineralisation from surface and to depth across multiple diamond drill holes. The latest data, includ...
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.