Brokers Set Expectations for Atlas Lithium FY2026 Earnings

Atlas Lithium Corporation (NASDAQ:ATLX) – HC Wainwright lowered their FY2026 earnings estimates for shares of Atlas Lithium in a report issued on Monday, June 29th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($1.58) per share for the year, down from their prior forecast of ($0.23). HC Wainwright has a “Buy” rating and a $12.50 price objective on the stock. The consensus estimate for Atlas Lithium’s current full-year earnings is ($0.23) per share.

Atlas Lithium (NASDAQ:ATLX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.50) earnings per share for the quarter. The business had revenue of $0.07 million for the quarter.

Several other research firms have also recently weighed in on ATLX. Weiss Ratings upgraded shares of Atlas Lithium from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Wall Street Zen raised Atlas Lithium from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $12.50.

Atlas Lithium Price Performance

ATLX opened at $3.69 on Wednesday. Atlas Lithium has a one year low of $3.32 and a one year high of $8.25. The company’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.68. The stock has a market capitalization of $108.82 million, a P/E ratio of -2.43 and a beta of -0.14.

Insider Activity at Atlas Lithium

In related news, CFO Tiago Miranda sold 5,831 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $5.03, for a total transaction of $29,329.93. Following the completion of the sale, the chief financial officer directly owned 30,000 shares of the company’s stock, valued at $150,900. The trade was a 16.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 22.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Atlas Lithium

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its stake in shares of Atlas Lithium by 48.3% in the 4th quarter. Invesco Ltd. now owns 758,138 shares of the company’s stock valued at $3,207,000 after purchasing an additional 247,064 shares during the period. Weiss Asset Management LP bought a new position in shares of Atlas Lithium in the 4th quarter worth $1,107,000. Marshall Wace LLP grew its stake in shares of 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 during the period. Goldman Sachs Group Inc. grew its stake in shares of Atlas Lithium by 123.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 50,255 shares of the company’s stock worth $213,000 after purchasing an additional 27,801 shares during the period. Finally, Connective Capital Management LLC bought a new stake in Atlas Lithium in the third quarter valued at about $405,000. Institutional investors and hedge funds own 18.35% of the company’s stock.

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.