Atlas Lithium (NASDAQ:ATLX – Get Free Report) is one of 29 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 similar businesses based on the strength of its analyst recommendations, earnings, profitability, risk, valuation, institutional ownership and dividends.
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 | 20.43% | -22.50% | 3.84% |
Earnings and Valuation
This table compares Atlas Lithium and its peers gross revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Atlas Lithium | $10,000.00 | -$41.39 million | -3.36 |
Atlas Lithium Competitors | $2.25 billion | $330.33 million | 5.88 |
Insider and Institutional Ownership
18.4% of Atlas Lithium shares are owned by institutional investors. Comparatively, 59.0% 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 company insiders. Comparatively, 6.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Volatility & Risk
Atlas Lithium has a beta of -1.14, meaning that its stock price is 214% less volatile than the S&P 500. Comparatively, Atlas Lithium’s peers have a beta of 1.10, meaning that their average stock price is 10% more volatile than the S&P 500.
Analyst Ratings
This is a summary of current ratings and recommmendations for Atlas Lithium and its peers, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Atlas Lithium | 0 | 0 | 3 | 0 | 3.00 |
Atlas Lithium Competitors | 234 | 1084 | 1462 | 13 | 2.45 |
Atlas Lithium presently has a consensus price target of $43.67, suggesting a potential upside of 219.90%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 13.91%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Atlas Lithium is more favorable than its peers.
Summary
Atlas Lithium peers beat Atlas Lithium on 9 of the 13 factors compared.
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 ParaĆba 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.
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