9AO Stock Overview

Engages in the acquisition, exploration, and development of copper and gold projects in Latin America. More details

9AO fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 94.7% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings have declined by 47.5% per year over past 5 years

Highly volatile share price over the past 3 months compared to the German market

Does not have a meaningful market cap (€12M)

My Notes

Capture your thoughts, links and company narrative

Atico Mining Corporation Competitors

Bio-Gate

DB:BIG1

€6.6m

Delignit

XTRA:DLX

€23.1m

IBU-tec advanced materials

XTRA:IBU

€31.7m

Lovisagruvan

NGM:LOVI

SEK 99.8m

Price History & Performance

Summary of share price highs, lows and changes for Atico Mining
Historical stock prices
Current Share Price	CA$0.065
52 Week High	CA$0.17
52 Week Low	CA$0.052
Beta	2.1
1 Month Change	-13.42%
3 Month Change	-27.53%
1 Year Change	10.26%
3 Year Change	-74.80%
5 Year Change	-68.38%
Change since IPO	-84.50%

Recent updates

Shareholder Returns

	9AO	DE Metals and Mining	DE Market
7D	7.5%	-0.3%	0.3%
1Y	10.3%	-22.5%	6.9%

Return vs Industry: 9AO exceeded the German Metals and Mining industry which returned -21.9% over the past year.

Return vs Market: 9AO exceeded the German Market which returned 7.2% over the past year.

Price Volatility

Is 9AO's price volatile compared to industry and market?
9AO volatility
9AO Average Weekly Movement	17.9%
Metals and Mining Industry Average Movement	12.2%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 9AO's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 9AO's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2010	n/a	Fernando Ganoza	www.aticomining.com

Atico Mining Corporation engages in the acquisition, exploration, and development of copper and gold projects in Latin America. The company also explores for silver, lead, and zinc deposits. Its holds interest in the El Roble mine located in Department of Choco, Colombia; and the La Plata project located in Ecuador.

Atico Mining Corporation Fundamentals Summary

How do Atico Mining's earnings and revenue compare to its market cap?
9AO fundamental statistics
Market cap	€8.12m
Earnings (TTM)	-€3.65m
Revenue (TTM)	€67.81m

0.1x

P/S Ratio

-2.3x

P/E Ratio

Is 9AO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9AO income statement (TTM)
Revenue	US$70.53m
Cost of Revenue	US$57.07m
Gross Profit	US$13.46m
Other Expenses	US$17.25m
Earnings	-US$3.79m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.031
Gross Margin	19.08%
Net Profit Margin	-5.38%
Debt/Equity Ratio	36.5%

How did 9AO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 16:57
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Atico Mining Corporation is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Bures	Canaccord Genuity
Jacques Wortman	Eight Capital
Eric Carstairs	M Partners Inc.

9AO Stock Overview

Rewards

Risk Analysis

Atico Mining Corporation Competitors

DB:BIG1

€6.6m

XTRA:DLX

€23.1m

XTRA:IBU

€31.7m

NGM:LOVI

SEK 99.8m

Price History & Performance

Recent News & Updates

Second quarter 2024 earnings released: US$0.004 loss per share (vs US$0.001 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.004 loss per share (vs US$0.005 loss in 1Q 2023)

Atico Updates Mineral Reserves and Resources for the El Roble Mine in Colombia

Full year 2023 earnings released: US$0.047 loss per share (vs US$0.03 loss in FY 2022)

Now 32% overvalued after recent price rise

Atico Mining Corporation, Annual General Meeting, Jun 18, 2024

Recent updates

Second quarter 2024 earnings released: US$0.004 loss per share (vs US$0.001 loss in 2Q 2023)

First quarter 2024 earnings released: US$0.004 loss per share (vs US$0.005 loss in 1Q 2023)

Atico Updates Mineral Reserves and Resources for the El Roble Mine in Colombia

Full year 2023 earnings released: US$0.047 loss per share (vs US$0.03 loss in FY 2022)

Now 32% overvalued after recent price rise

Atico Mining Corporation, Annual General Meeting, Jun 18, 2024

Atico Mining Corporation Announces Positive Results for the Latest 49 Drill Holes Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble Mine

Now 26% overvalued after recent price rise

Now 20% undervalued

Atico Mining Corporation Announces Additional Positive Results for the Exploration Program Initiated in 2023 Being Carried Out in an Area of Historical Mining to Expand Tonnage At the El Roble Mine

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 24% undervalued after recent price drop

New major risk - Market cap size

Now 22% undervalued after recent price drop

Atico Mining Corporation Announces Constitutional Court Ruling Allows Continuation of the Environmental Consultation Process for Atico's La Plata Copper-Gold Project in Ecuador

Atico Mining Corporation Announces Constitutional Court Ruling Allows Continuation of the Environmental Consultation Process for Atico's La Plata Copper-Gold Project in Ecuador

Third quarter 2023 earnings released: US$0.009 loss per share (vs US$0.001 profit in 3Q 2022)

Second quarter 2023 earnings released: US$0.001 loss per share (vs US$0.021 loss in 2Q 2022)

Atico Mining Corporation Announces Additional Positive Results for Exploration Program Being Carried Out in Area of Historical Mining to Expand Tonnage at El Roble Mine

Atico Mining Corporation Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t Au

First quarter 2023 earnings released: US$0.005 loss per share (vs US$0.028 profit in 1Q 2022)

Full year 2022 earnings released: US$0.03 loss per share (vs US$0.048 profit in FY 2021)

Atico Mining Initiates Regional Drill Campaign at El Roble Mine, Colombia

Atico Mining Corporation Provides Production Guidance for the Fiscal 2023

Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.055 in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: US$0.021 loss per share (vs US$0.004 profit in 2Q 2021)

Atico Mining Corporation Obtains the Certificate of Viability for the Tailing and Barren Rock Storage Facilities for La Plata Project in Ecuador

Atico Mining Corporation Announces EIA Approval for its 100% Owned La Plata Project in Ecuador

Full year 2021 earnings released: EPS: US$0.048 (vs US$0.061 in FY 2020)

Less than half of directors are independent

Atico Mining Corporation, Annual General Meeting, Jun 14, 2022

Atico Mining Corporation Receives Government’s Approval of Mining Regime Modification for the La Plata Project in Ecuador

Atico Mining Corporation Provides Production Guidance for the Fiscal 2022

Third quarter 2021 earnings released: EPS US$0.055 (vs US$0.013 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.004 (vs US$0.009 in 2Q 2020)

Atico Mining Corporation Reports Latest Results of Drilling Program At the La Plata High-Grade Volcanogenic Massive Sulphide Project in Ecuador

Chief Financial Officer William Tsang has left the company

First quarter 2021 earnings released: EPS US$0.008 (vs US$0.012 loss in 1Q 2020)

Atico Mining Corporation Announces to Report on the Latest Results of Its 2021 Drilling Program At the La Plata Precious Metals-Rich Volcanogenic Massive Sulphide Project in Ecuador

Atico Mining Corporation Restarts Mining Operations At El Roble, Intercepts Massive Sulfide Extension At La Plata and Provides Exploration Plans for 2021

Atico Mining Corporation Announces Temporary Work Stoppage at El Roble Mine

Atico Mining Corporation Updates Mineral Reserves and Resources for the El Roble Mine in Colombia

Atico Continues to Expand Footprint with High Grade Copper-Gold Intercepts at La Plata Project, Ecuador

Atico Mining Corporation announced that it has received $6.5 million in funding from Dundee Corporation

Third quarter 2020 earnings released: EPS US$0.013

Atico Mining Corporation Continues to Intercept High Grades Including 204 g/t Au, 486 g/t Ag and 17% Cu, Over 1.45 Meters and Confirms Third VMS Lens at La Plata, Ecuador

New 90-day high - €0.34

Earnings released

New 90-day high - €0.32