Atlas Lithium (NASDAQ:ATLX – Get Free Report) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.
Other equities analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Atlas Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. HC Wainwright lowered their target price on shares of Atlas Lithium from $12.50 to $11.50 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atlas Lithium currently has a consensus rating of “Hold” and an average target price of $11.50.
Read Our Latest Analysis on ATLX
Atlas Lithium Stock Performance
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. As a group, equities research analysts predict that Atlas Lithium will post -1.48 EPS for the current fiscal year.
Institutional Investors Weigh In On Atlas Lithium
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP grew its holdings in Atlas Lithium by 2.0% during the 4th quarter. Marshall Wace LLP now owns 614,259 shares of the company’s stock valued at $2,598,000 after buying an additional 12,169 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Atlas Lithium by 63.0% in the second quarter. Invesco Ltd. now owns 330,005 shares of the company’s stock worth $1,247,000 after acquiring an additional 127,531 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Atlas Lithium in the fourth quarter valued at $1,107,000. Connective Capital Management LLC purchased a new stake in shares of Atlas Lithium in the third quarter valued at $405,000. Finally, Goldman Sachs Group Inc. boosted 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 valued at $213,000 after acquiring an additional 27,801 shares during the last quarter. Hedge funds and other institutional investors 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.
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