Reviewing Atlas Lithium (ATLX) and Its Competitors

Atlas Lithium (NASDAQ:ATLXGet Free Report) is one of 28 public companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its peers? We will compare Atlas Lithium to related companies based on the strength of its institutional ownership, valuation, dividends, analyst recommendations, profitability, earnings and risk.

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 6.16% -23.35% 4.52%

Volatility and Risk

Atlas Lithium has a beta of -1.08, indicating that its share price is 208% less volatile than the S&P 500. Comparatively, Atlas Lithium’s peers have a beta of 1.16, indicating that their average share price is 16% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current ratings and target prices for Atlas Lithium and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Atlas Lithium 0 0 4 0 3.00
Atlas Lithium Competitors 228 1067 1371 13 2.44

Atlas Lithium currently has a consensus target price of $48.33, suggesting a potential upside of 183.98%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 5.49%. Given Atlas Lithium’s stronger consensus rating and higher possible upside, research analysts clearly believe Atlas Lithium is more favorable than its peers.

Institutional & Insider Ownership

18.4% of Atlas Lithium shares are owned by institutional investors. Comparatively, 58.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 32.2% of Atlas Lithium shares are owned by company insiders. Comparatively, 6.7% 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, endowments and large money managers believe a company is poised for long-term growth.

Valuation & Earnings

This table compares Atlas Lithium and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Atlas Lithium $10,000.00 -$4.63 million -4.19
Atlas Lithium Competitors $2.35 billion $343.06 million 5.86

Atlas Lithium’s peers have higher revenue and earnings than Atlas Lithium. Atlas Lithium is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Atlas Lithium peers beat Atlas Lithium on 9 of the 13 factors compared.

Atlas Lithium Company Profile

(Get Free Report)

Atlas Lithium Corporation operates as a mineral exploration and mining 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, 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 is based in Belo Horizonte, Brazil.

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