American Lithium Corp. (CVE:LI) Expected to Earn FY2024 Earnings of ($0.12) Per Share

American Lithium Corp. (CVE:LI) – Stock analysts at National Bank Financial decreased their FY2024 earnings per share estimates for shares of American Lithium in a research note issued to investors on Wednesday, November 1st. National Bank Financial analyst L. Aganga now expects that the company will post earnings per share of ($0.12) for the year, down from their prior forecast of ($0.05). The consensus estimate for American Lithium’s current full-year earnings is ($0.07) per share. National Bank Financial also issued estimates for American Lithium’s FY2025 earnings at ($0.08) EPS and FY2026 earnings at ($0.08) EPS.

Separately, National Bankshares lowered their price target on American Lithium from C$7.10 to C$4.60 in a report on Wednesday, November 1st.

American Lithium Stock Up 1.8 %

Shares of American Lithium stock opened at C$1.69 on Monday. The business’s fifty day moving average price is C$1.85 and its two-hundred day moving average price is C$2.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 11.53 and a quick ratio of 1.45. The company has a market capitalization of C$362.78 million, a P/E ratio of -9.94 and a beta of 2.36. American Lithium has a 1-year low of C$1.39 and a 1-year high of C$4.90.

American Lithium (CVE:LI) last issued its earnings results on Monday, October 16th. The company reported C($0.05) EPS for the quarter.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.