HC Wainwright Increases Earnings Estimates for Atlas Lithium

Atlas Lithium Corporation (NASDAQ:ATLX) – Stock analysts at HC Wainwright increased their FY2026 earnings per share estimates for Atlas Lithium in a research note issued on Thursday, September 10th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($1.48) per share for the year, up from their prior 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.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Atlas Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Atlas Lithium from a “strong sell” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

Atlas Lithium Stock Down 1.3%

ATLX stock opened at $2.96 on Monday. The stock has a market capitalization of $87.29 million, a PE ratio of -1.90 and a beta of 0.05. Atlas Lithium has a 52 week low of $2.55 and a 52 week high of $8.25. The firm has a 50 day moving average of $3.09 and a 200 day moving average of $3.98.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Prospera Financial Services Inc acquired a new position in Atlas Lithium during the fourth quarter valued at $42,000. FNY Investment Advisers LLC purchased a new stake in Atlas Lithium in the second quarter valued at $562,000. Finally, 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 purchasing an additional 4,000 shares during the period. 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.