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Atalaya Mining
(LSE:ATYM)
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Rating:77Outperform
Price Target:
934.00 p
▼(-11.64% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial performance—very low leverage and improved TTM profitability and cash generation—offset by historical earnings/free-cash-flow volatility typical of copper producers. Technicals are supportive but neutral-to-moderate in momentum, and valuation is reasonable on P/E with only a modest dividend yield.
Positive Factors
Very low leverage
A very low debt burden gives Atalaya substantial financial flexibility through the copper cycle. It reduces interest and refinancing pressure, supports continued investment in mine operations and exploration, and improves the company’s ability to withstand weaker commodity conditions.
Negative Factors
Commodity-cycle earnings exposure
Atalaya’s copper-concentrate model leaves earnings exposed to changes in copper prices and operating costs. This can produce substantial swings in margins and returns even when the underlying operations remain intact, making medium-term profitability less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A very low debt burden gives Atalaya substantial financial flexibility through the copper cycle. It reduces interest and refinancing pressure, supports continued investment in mine operations and exploration, and improves the company’s ability to withstand weaker commodity conditions.
Read all positive factors
Atalaya Mining (ATYM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.27B
Dividend Yield1.25%
Average Volume (3M)702.37K
Price to Earnings (P/E)13.6
Beta (1Y)1.83
Revenue Growth20.02%
EPS Growth42.42%
CountryUK
Employees518
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.72
Shares Outstanding153,940,340
10 Day Avg. Volume664,923
30 Day Avg. Volume702,372
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
£1,223.75Price Target Upside15.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.27
Revenue Forecast (FY)£598.18M
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 generated from mined ore processed through its concentrator. Revenue is driven mainly by (1) sales volumes of concentrate shipped to customers (typically smelters or ...
Atalaya Mining Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 500.00M | 482.92M | 326.80M | 340.35M | 361.85M | 405.72M |
| Gross Profit | 170.61M | 154.41M | 49.40M | 55.92M | 39.45M | 181.37M |
| EBITDA | 198.16M | 168.55M | 77.08M | 77.22M | 67.48M | 194.02M |
| Net Income | 110.06M | 84.03M | 31.74M | 38.77M | 33.16M | 133.64M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 792.61M | 675.85M | 670.57M | 663.07M | 585.41M |
| Cash, Cash Equivalents and Short-Term Investments | 352.25M | 166.57M | 52.90M | 121.04M | 126.15M | 92.14M |
| Total Debt | 36.29M | 48.88M | 21.59M | 71.06M | 78.28M | 52.95M |
| Total Liabilities | 205.52M | 198.66M | 157.31M | 178.18M | 196.77M | 149.51M |
| Stockholders Equity | 817.21M | 590.59M | 516.38M | 501.50M | 473.30M | 440.81M |
Cash Flow | ||||||
| Free Cash Flow | 144.85M | 118.77M | -8.01M | 10.45M | -15.09M | 114.25M |
| Operating Cash Flow | 218.69M | 189.63M | 53.40M | 64.74M | 38.50M | 148.84M |
| Investing Cash Flow | -92.17M | -84.16M | -66.07M | -50.41M | -53.53M | -87.53M |
| Financing Cash Flow | 131.98M | 13.20M | -57.26M | -18.50M | 22.41M | 1.85M |
Atalaya Mining Technical Analysis
Negative
1057.00
Price Trends
994.40
Negative
927.68
Negative
888.07
Negative
Market Momentum
-47.49
Positive
33.70
Neutral
32.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ATYM, the sentiment is Negative. The current price of 1057 is above the 20-day moving average (MA) of 947.45, above the 50-day MA of 994.40, and above the 200-day MA of 888.07, indicating a bearish trend. The MACD of -47.49 indicates Positive momentum. The RSI at 33.70 is Neutral, neither overbought nor oversold. The STOCH value of 32.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | £1.27B | 13.57 | 16.00% | 1.25% | 20.02% | 42.42% | |
71 Outperform | £321.55M | -6.41 | -15.91% | 12.00% | 22.89% | -218.68% | |
66 Neutral | £542.39M | 21.64 | 11.90% | ― | 28.80% | 286.76% | |
64 Neutral | £30.82B | 24.91 | 15.70% | 1.86% | 20.22% | 46.11% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £447.03M | 10.24 | 53.59% | 0.77% | 220.16% | ― | |
41 Neutral | £321.55M | -5.80 | -6.33% | 3.06% | -38.81% | 86.31% |
* Basic Materials Sector Average
GB:ATYM
Atalaya Mining
822.50
146.28
21.63%
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GB:FXPO
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GB:GFM
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313.00
123.00
64.74%
Atalaya Mining Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Atalaya Mining Issues New Shares Under Long-Term Incentive Plan
Neutral
Oct 21, 2026
Atalaya Mining has issued 181,292 new ordinary shares to certain eligible employees under its 2020 Long-Term Incentive Plan, expanding its equity base by about 0.12%. The move underscores the company’s use of share-based compensation to alig...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Atalaya Mining posts strong Q3, boosts cash and gains EU strategic status for Touro
Positive
Oct 15, 2026
Atalaya Mining reported another robust quarter at Proyecto Riotinto, with Q3 2026 copper production rising to 13,967 tonnes on higher grades and recoveries, and copper contained in concentrates sold reaching 15,243 tonnes. Strong realised copper p...
Business Operations and StrategyRegulatory Filings and Compliance
EU Grants Strategic Project Status to Atalaya Mining’s Touro Copper Project
Positive
Oct 12, 2026
Atalaya Mining’s Proyecto Touro has been designated a Strategic Project by the European Commission under the EU Critical Raw Materials Act. This status recognizes the project’s role in supporting a secure, sustainable European supply o...
Business Operations and StrategyExecutive/Board Changes
Atalaya Mining Director Joins Cornish Metals Board
Positive
Sep 28, 2026
Atalaya Mining Copper, S.A. announced that independent non-executive director Hennie Faul has been appointed as a non-executive director of Cornish Metals plc, effective 1 October 2026. The move underscores Faul’s continued prominence in the...
Business Operations and StrategyDividendsFinancial Disclosures
Atalaya Mining posts record H1 2026 earnings, boosts dividend and project pipeline
Positive
Aug 11, 2026
Atalaya Mining reported record EBITDA for both the second quarter and first half of 2026, driven by higher copper prices, solid production and improved recoveries, despite lower grades and increased mining and processing costs. The company maintai...
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.