HC Wainwright Lifts Earnings Estimates for Atlas Lithium

Key Points

• HC Wainwright raised its FY2026 EPS estimate for Atlas Lithium to a loss of $1.48 per share from a projected loss of $1.58, while maintaining a “Buy” rating and an $11.50 price target.
• Atlas Lithium reported a quarterly loss of $0.35 per share in its latest earnings release. Overall analyst sentiment is “Hold,” with one Buy, one Hold, and one Sell rating.
• The stock opened at $3.03, with a market capitalization of approximately $89.35 million and a 52-week range of $2.55 to $8.25; institutional investors own 18.35% of the company.

Atlas Lithium Corporation (NASDAQ:ATLX - Free Report) - Research analysts at HC Wainwright increased their FY2026 EPS estimates for Atlas Lithium in a research note issued to investors on Thursday, September 10th. HC Wainwright analyst H. Ihle now forecasts 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 - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter.

A number of other analysts have also issued reports on the company. Weiss Ratings lowered Atlas Lithium from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, August 3rd. Wall Street Zen raised Atlas Lithium from a "strong sell" rating to a "sell" rating in a report on Saturday. One research 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. Based on data from MarketBeat.com, Atlas Lithium has an average rating of "Hold" and an average price target of $11.50.

Atlas Lithium Price Performance

NASDAQ:ATLX opened at $3.03 on Monday. The firm has a 50-day moving average of $3.11 and a two-hundred day moving average of $4.01. The stock has a market cap of $89.35 million, a P/E ratio of -1.94 and a beta of 0.05. Atlas Lithium has a 1-year low of $2.55 and a 1-year high of $8.25.

Institutional Trading of Atlas Lithium

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in Atlas Lithium by 63.0% during the 2nd quarter. Invesco Ltd. now owns 330,005 shares of the company's stock valued at $1,247,000 after acquiring an additional 127,531 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Atlas Lithium in the 2nd quarter worth about $258,000. Virtu Financial LLC bought a new stake in shares of Atlas Lithium in the 3rd quarter worth about $153,000. Connective Capital Management LLC bought a new stake in shares of Atlas Lithium in the 3rd quarter worth about $405,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Atlas Lithium in the 4th quarter valued at about $42,000. 18.35% of the stock is owned by institutional investors and hedge funds.

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.

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