ATLX stock icon

Atlas Lithium Corp
ATLX

$10.05
2.55%
 

About: Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain. They intend to mine and then process its lithium-containing ore to produce lithium concentrate (also known as spodumene concentrate), a key ingredient for the battery supply chain.

Employees: 76

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 3 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

8% more funds holding

Funds holding: 24 [Q4 2023] → 26 (+2) [Q1 2024]

3.21% less ownership

Funds ownership: 17.8% [Q4 2023] → 14.6% (-3.21%) [Q1 2024]

44% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 9

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

52% less capital invested

Capital invested by funds: $59.1M [Q4 2023] → $28.1M (-$31M) [Q1 2024]

56% less call options, than puts

Call options by funds: $465K | Put options by funds: $1.06M

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$36
258%
upside
Avg. target
$44
334%
upside
High target
$55
447%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Alliance Global Partners
Jake Sekelsky
447%upside
$55
Buy
Maintained
2 Apr 2024
Roth MKM
Joe Reagor
258%upside
$36
Buy
Maintained
1 Apr 2024
HC Wainwright & Co.
Heiko Ihle
298%upside
$40
Buy
Maintained
1 Apr 2024

Financial journalist opinion