FY2026 EPS Estimates for Atlas Lithium Reduced by Analyst

Atlas Lithium Corporation (NASDAQ:ATLX) – Equities research analysts at HC Wainwright dropped their FY2026 earnings per share (EPS) estimates for Atlas Lithium in a research note issued on Tuesday, March 17th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.23) per share for the year, down from their prior estimate of ($0.20). The consensus estimate for Atlas Lithium’s current full-year earnings is ($2.79) per share.

A number of other equities analysts have also issued reports on ATLX. Zacks Research upgraded shares of Atlas Lithium to a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlas Lithium in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Atlas Lithium from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.00.

Atlas Lithium Stock Down 6.6%

ATLX opened at $4.53 on Thursday. Atlas Lithium has a 52 week low of $3.54 and a 52 week high of $8.25. The business’s 50 day moving average is $5.19 and its two-hundred day moving average is $5.05. The firm has a market cap of $122.94 million, a price-to-earnings ratio of -2.89 and a beta of -0.76.

Atlas Lithium (NASDAQ:ATLX) last announced its earnings results on Wednesday, March 4th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.28. The firm had revenue of $0.04 million during the quarter, compared to analysts’ expectations of $42.90 million. Atlas Lithium had a negative return on equity of 81.11% and a negative net margin of 9,881.20%.

Institutional Trading of Atlas Lithium

Several hedge funds and other institutional investors have recently made changes to their positions in ATLX. Invesco Ltd. increased its stake 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 acquiring an additional 247,064 shares during the period. Marshall Wace LLP raised its holdings in Atlas Lithium by 2.0% during the fourth quarter. Marshall Wace LLP now owns 614,259 shares of the company’s stock worth $2,598,000 after purchasing an additional 12,169 shares in the last quarter. Cross Staff Investments Inc lifted its position in Atlas Lithium by 2.2% in the third quarter. Cross Staff Investments Inc now owns 565,618 shares of the company’s stock valued at $2,692,000 after purchasing an additional 12,000 shares during the period. Weiss Asset Management LP acquired a new stake in Atlas Lithium in the fourth quarter valued at about $1,107,000. Finally, First Wilshire Securities Management Inc. boosted its holdings in Atlas Lithium by 210.3% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 187,378 shares of the company’s stock valued at $708,000 after purchasing an additional 126,994 shares in the last quarter. 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.