Atico Mining Third Quarter 2024 Earnings: EPS: US$0.009 (vs US$0.009 loss in 3Q 2023)

Atico Mining (CVE:ATY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$24.6m (up 61% from 3Q 2023).
• Net income: US$1.10m (up from US$1.07m loss in 3Q 2023).
• Profit margin: 4.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.009 (up from US$0.009 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Atico Mining Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 16% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Atico Mining (1 is significant!) that you need to take into consideration.

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