Head-To-Head Analysis: Atlas Lithium (ATLX) and Its Peers

Atlas Lithium (NASDAQ:ATLXGet Free Report) is one of 29 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it weigh in compared to its competitors? We will compare Atlas Lithium to similar companies based on the strength of its profitability, analyst recommendations, earnings, valuation, institutional ownership, dividends and risk.

Profitability

This table compares Atlas Lithium and its competitors’ 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%

Risk and Volatility

Atlas Lithium has a beta of -1.08, indicating that its stock price is 208% less volatile than the S&P 500. Comparatively, Atlas Lithium’s competitors have a beta of 1.17, indicating that their average stock price is 17% more volatile than the S&P 500.

Valuation and Earnings

This table compares Atlas Lithium and its competitors gross 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 $2.25 billion $332.00 million 6.04

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

Analyst Recommendations

This is a summary of current recommendations and price targets for Atlas Lithium and its competitors, 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 232 1080 1443 13 2.45

Atlas Lithium presently 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 5.79%. Given Atlas Lithium’s stronger consensus rating and higher probable upside, analysts plainly believe Atlas Lithium is more favorable than its competitors.

Institutional & Insider Ownership

18.4% of Atlas Lithium shares are owned by institutional investors. Comparatively, 57.8% 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, 6.5% 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.

Summary

Atlas Lithium competitors 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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