American Lithium price target lowered to $3.25 from $5.50 at Roth MKM

Roth MKM lowered the firm’s price target on American Lithium to $3.25 from $5.50 and keeps a Buy rating on the shares. The company’s update on its Falchani project this week noted the potential for significant cost reductions resulting from flow sheet optimization, but while the firm is “encouraged” by these results, it also sees the lithium market remaining weak, the analyst tells investors in a research note. The potential to reduce costs at Falchani is “encouraging”, but American Lithium share price has been under consistent pressure due to general lithium market conditions in 2024, the firm added.