Atlas Lithium (NASDAQ:ATLX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Atlas Lithium (NASDAQ:ATLX) from a strong sell rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities analysts have also recently commented on ATLX. HC Wainwright decreased their price target on shares of Atlas Lithium from $12.50 to $11.50 and set a “buy” rating for the company in a research report on Thursday, September 10th. Weiss Ratings lowered Atlas Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Atlas Lithium presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Atlas Lithium Price Performance

Shares of NASDAQ:ATLX opened at $3.00 on Friday. The firm has a market capitalization of $88.47 million, a PE ratio of -1.92 and a beta of 0.05. The firm’s 50-day moving average is $3.10 and its two-hundred day moving average is $4.00. Atlas Lithium has a 1 year low of $2.55 and a 1 year high of $8.25.

Atlas Lithium (NASDAQ:ATLX) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.35) EPS for the quarter. Analysts expect that Atlas Lithium will post -1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Atlas Lithium

Several institutional investors have recently modified their holdings of ATLX. Cross Staff Investments Inc grew its stake in shares of Atlas Lithium by 0.7% during the first quarter. Cross Staff Investments Inc now owns 558,718 shares of the company’s stock worth $2,430,000 after purchasing an additional 4,000 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Atlas Lithium during the 2nd quarter worth about $562,000. Finally, Prospera Financial Services Inc purchased a new position in shares of Atlas Lithium in the 4th quarter valued at about $42,000. 18.35% of the stock is owned by hedge funds and other institutional investors.

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.