American Lithium (NASDAQ:AMLI – Free Report) had its price target decreased by Roth Mkm from $5.50 to $3.25 in a report published on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.
Separately, National Bank Financial raised American Lithium to a strong-buy rating in a research note on Wednesday, June 5th.
Check Out Our Latest Research Report on AMLI
American Lithium Stock Down 2.4 %
American Lithium (NASDAQ:AMLI – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. Equities analysts anticipate that American Lithium will post -0.12 EPS for the current year.
Institutional Trading of American Lithium
Hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of American Lithium by 7.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company’s stock worth $13,807,000 after acquiring an additional 891,959 shares in the last quarter. Smith Anglin Financial LLC increased its position in American Lithium by 8.2% in the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock worth $178,000 after purchasing an additional 12,272 shares during the last quarter. Finally, Clarity Capital Partners LLC purchased a new stake in shares of American Lithium during the 4th quarter worth about $159,000. Hedge funds and other institutional investors own 7.70% of the company’s stock.
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.
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