Brokers Set Expectations for Atlas Lithium FY2026 Earnings

Atlas Lithium Corporation (NASDAQ:ATLX) – Analysts at HC Wainwright reduced their FY2026 earnings per share estimates for Atlas Lithium in a research report issued to clients and investors on Monday, June 29th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($1.58) per share for the year, down from their prior estimate of ($0.23). HC Wainwright currently has a “Buy” rating and a $12.50 target price on the stock. The consensus estimate for Atlas Lithium’s current full-year earnings is ($0.23) per share.

Other equities analysts also recently issued reports about the stock. Wall Street Zen raised shares of Atlas Lithium from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings raised shares of Atlas Lithium from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Atlas Lithium currently has an average rating of “Hold” and an average price target of $12.50.

Atlas Lithium Price Performance

ATLX opened at $3.69 on Wednesday. The company has a market capitalization of $108.82 million, a P/E ratio of -2.43 and a beta of -0.14. The firm’s fifty day moving average price is $4.38 and its two-hundred day moving average price is $4.68. Atlas Lithium has a fifty-two week low of $3.32 and a fifty-two week high of $8.25.

Atlas Lithium (NASDAQ:ATLX) last issued its earnings results on Thursday, May 7th. The company reported ($0.50) EPS for the quarter. The company had revenue of $0.07 million during the quarter.

Insider Activity

In related news, CFO Tiago Miranda sold 5,831 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $5.03, for a total transaction of $29,329.93. Following the completion of the sale, the chief financial officer owned 30,000 shares in the company, valued at $150,900. This trade represents a 16.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 22.80% of the stock is owned by company insiders.

Institutional Trading of Atlas Lithium

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Atlas Lithium by 48.3% during the fourth quarter. Invesco Ltd. now owns 758,138 shares of the company’s stock worth $3,207,000 after buying an additional 247,064 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Atlas Lithium by 2.0% in the 4th quarter. Marshall Wace LLP now owns 614,259 shares of the company’s stock worth $2,598,000 after acquiring an additional 12,169 shares in the last quarter. Cross Staff Investments Inc grew its position in Atlas Lithium by 0.7% during the 1st quarter. Cross Staff Investments Inc now owns 558,718 shares of the company’s stock worth $2,430,000 after acquiring an additional 4,000 shares during the last quarter. Weiss Asset Management LP bought a new stake in Atlas Lithium during the 4th quarter worth approximately $1,107,000. Finally, Connective Capital Management LLC acquired a new stake in Atlas Lithium during the 3rd quarter valued at $405,000. 18.35% of the stock is owned by institutional investors.

Atlas Lithium Company Profile

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.