HC Wainwright Raises Earnings Estimates for Atlas Lithium

Atlas Lithium Corporation (NASDAQ:ATLX) – Investment analysts at HC Wainwright boosted their FY2026 EPS estimates for Atlas Lithium in a report issued on Thursday, September 10th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($1.48) per share for the year, up from their previous estimate of ($1.58). HC Wainwright currently has a “Buy” rating and a $11.50 target price on the stock. The consensus estimate for Atlas Lithium’s current full-year earnings is ($1.48) per share.

Atlas Lithium (NASDAQ:ATLX) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter.

A number of other brokerages also recently issued reports on ATLX. Weiss Ratings downgraded Atlas Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Atlas Lithium from a “strong sell” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Atlas Lithium Stock Down 1.0%

Shares of NASDAQ ATLX opened at $3.00 on Monday. The firm has a market capitalization of $88.47 million, a P/E ratio of -1.92 and a beta of 0.05. The stock’s 50-day simple moving average is $3.10 and its two-hundred day simple moving average is $4.00. Atlas Lithium has a twelve month low of $2.55 and a twelve month high of $8.25.

Institutional Trading of Atlas Lithium

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cross Staff Investments Inc grew its position in Atlas Lithium by 0.7% during the first quarter. Cross Staff Investments Inc now owns 558,718 shares of the company’s stock valued at $2,430,000 after acquiring an additional 4,000 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Atlas Lithium in the 2nd quarter worth approximately $562,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Atlas Lithium in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 18.35% of the company’s stock.

About Atlas Lithium

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil. The company also owns 100% interests in various mining concessions for gold, diamond, and industrial sand; and early-stage projects and properties in other minerals, such as nickel, copper, rare earths, graphite, and titanium; as well as participates in iron and quartzite projects.