American Lithium (NASDAQ:AMLI – Free Report) had its target price cut by Roth Mkm from $5.50 to $3.25 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
Separately, National Bank Financial raised American Lithium to a strong-buy rating in a research report on Wednesday, June 5th.
Get Our Latest Stock Analysis on AMLI
American Lithium Trading Down 3.1 %
American Lithium (NASDAQ:AMLI – Get Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. Research analysts predict that American Lithium will post -0.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Smith Anglin Financial LLC increased its holdings in shares of American Lithium by 8.2% in the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock valued at $178,000 after acquiring an additional 12,272 shares during the last quarter. Clarity Capital Partners LLC purchased a new position in shares of American Lithium in the 4th quarter valued at about $159,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Lithium by 7.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company’s stock valued at $13,807,000 after acquiring an additional 891,959 shares during the last quarter. Hedge funds and other institutional investors own 7.70% of the company’s stock.
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.
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