Critical Comparison: Atlas Lithium (ATLX) vs. Its Rivals

Atlas Lithium (NASDAQ:ATLX) is one of 28 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it contrast to its peers? We will compare Atlas Lithium to related companies based on the strength of its profitability, earnings, analyst recommendations, valuation, risk, institutional ownership and dividends.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Atlas Lithium and its peers, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Atlas Lithium	0	0	3	0	3.00
Atlas Lithium Competitors	202	984	1364	12	2.46

Atlas Lithium currently has a consensus target price of $43.67, indicating a potential upside of 205.79%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 12.81%. Given Atlas Lithium’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Atlas Lithium is more favorable than its peers.

Risk & Volatility

Atlas Lithium has a beta of -1.13, indicating that its stock price is 213% less volatile than the S&P 500. Comparatively, Atlas Lithium’s peers have a beta of 1.06, indicating that their average stock price is 6% more volatile than the S&P 500.

Profitability

This table compares Atlas Lithium and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Atlas Lithium	N/A	-550.97%	-146.10%
Atlas Lithium Competitors	22.32%	-23.80%	4.08%

Institutional and Insider Ownership

18.4% of Atlas Lithium shares are owned by institutional investors. Comparatively, 58.8% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 37.3% of Atlas Lithium shares are owned by insiders. Comparatively, 6.6% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Earnings and Valuation

This table compares Atlas Lithium and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Atlas Lithium	$10,000.00	-$41.39 million	-3.53
Atlas Lithium Competitors	$2.32 billion	$350.07 million	7.82

Atlas Lithium’s peers have higher revenue and earnings than Atlas Lithium. Atlas Lithium is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Atlas Lithium peers beat Atlas Lithium on 9 of the 13 factors compared.

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. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil.