FY2024 Earnings Forecast for American Lithium Corp. (CVE:LI) Issued By National Bank Financial

American Lithium Corp. (CVE:LI) – Research analysts at National Bank Financial lowered their FY2024 earnings estimates for American Lithium in a research report issued to clients and investors on Wednesday, November 15th. National Bank Financial analyst L. Aganga now anticipates that the company will post earnings per share of ($0.18) for the year, down from their prior forecast of ($0.12). The consensus estimate for American Lithium’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for American Lithium’s FY2025 earnings at ($0.12) EPS.

Separately, National Bankshares cut their price target on shares of American Lithium from C$7.10 to C$4.60 in a report on Wednesday, November 1st.

American Lithium Stock Up 0.6 %

American Lithium stock opened at C$1.62 on Monday. American Lithium has a fifty-two week low of C$1.39 and a fifty-two week high of C$4.90. The stock has a market cap of C$347.75 million, a PE ratio of -9.53 and a beta of 2.40. The firm’s 50-day simple moving average is C$1.74 and its 200 day simple moving average is C$2.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 11.53.

American Lithium (CVE:LI) last announced its earnings results on Monday, October 16th. The company reported C($0.05) earnings per share for the quarter.

American Lithium Company Profile

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.