American Lithium (NASDAQ:AMLI) Given New $3.25 Price Target at Roth Mkm

American Lithium (NASDAQ:AMLI) had its price target decreased by Roth Mkm from $5.50 to $3.25 in a report released on Friday, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, National Bank Financial raised shares of American Lithium to a strong-buy rating in a report on Wednesday, June 5th.

American Lithium Stock Down 2.4 %

AMLI opened at $0.56 on Friday. The company has a 50 day moving average of $0.64 and a 200 day moving average of $0.79. American Lithium has a 12 month low of $0.46 and a 12 month high of $2.18.

American Lithium (NASDAQ:AMLI) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. As a group, equities analysts forecast that American Lithium will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Clarity Capital Partners LLC bought a new position in American Lithium in the 4th quarter valued at $159,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in American Lithium by 7.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company’s stock valued at $13,807,000 after purchasing an additional 891,959 shares during the period. Finally, Smith Anglin Financial LLC boosted its holdings in American Lithium by 8.2% in the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock valued at $178,000 after purchasing an additional 12,272 shares during the period. 7.70% of the stock is owned by institutional investors.

American Lithium Company Profile

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.