Atlas Lithium (NASDAQ:ATLX – Get 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 rivals? We will compare Atlas Lithium to related businesses based on the strength of its dividends, risk, valuation, institutional ownership, earnings, profitability and analyst recommendations.
Volatility & Risk
Atlas Lithium has a beta of -1.13, meaning that its stock price is 213% less volatile than the S&P 500. Comparatively, Atlas Lithium’s rivals have a beta of 1.09, meaning that their average stock price is 9% more volatile than the S&P 500.
Earnings & Valuation
This table compares Atlas Lithium and its rivals top-line revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Atlas Lithium | $10,000.00 | -$41.39 million | -3.33 |
Atlas Lithium Competitors | $2.35 billion | $341.31 million | 5.74 |
Profitability
This table compares Atlas Lithium and its rivals’ 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% |
Insider and Institutional Ownership
18.4% of Atlas Lithium shares are held by institutional investors. Comparatively, 59.6% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by institutional investors. 37.3% of Atlas Lithium shares are held by insiders. Comparatively, 6.6% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Analyst Recommendations
This is a summary of recent ratings and price targets for Atlas Lithium and its rivals, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Atlas Lithium | 0 | 0 | 3 | 0 | 3.00 |
Atlas Lithium Competitors | 230 | 1070 | 1389 | 13 | 2.44 |
Atlas Lithium presently has a consensus target price of $43.67, indicating a potential upside of 222.98%. As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 14.41%. Given Atlas Lithium’s stronger consensus rating and higher possible upside, research analysts plainly believe Atlas Lithium is more favorable than its rivals.
Summary
Atlas Lithium rivals beat Atlas Lithium on 9 of the 13 factors compared.
About Atlas Lithium
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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