Keystone Investors PTE Ltd. bought a new stake in shares of Sigma Lithium Corporation (NASDAQ:SGML – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 83,600 shares of the company’s stock, valued at approximately $1,103,000. Keystone Investors PTE Ltd. owned approximately 0.08% of Sigma Lithium at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Sigma Lithium by 15.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock valued at $99,000 after buying an additional 3,005 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at about $51,000. Virtu Financial LLC raised its position in shares of Sigma Lithium by 26.6% during the 3rd quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock valued at $129,000 after buying an additional 4,210 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at about $57,000. Finally, Millennium Management LLC raised its position in shares of Sigma Lithium by 6.4% during the 3rd quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock valued at $520,000 after buying an additional 4,909 shares in the last quarter. 64.86% of the stock is currently owned by hedge funds and other institutional investors.
Sigma Lithium Stock Performance
Sigma Lithium stock opened at $15.98 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.32 and a quick ratio of 0.25. Sigma Lithium Corporation has a 1-year low of $4.25 and a 1-year high of $24.48. The firm has a market capitalization of $1.79 billion, a P/E ratio of -40.97 and a beta of 0.54. The company’s 50-day moving average is $17.40 and its 200 day moving average is $14.16.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Bank of America raised shares of Sigma Lithium from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $17.00 in a research report on Thursday, April 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Sigma Lithium in a research report on Friday, March 27th. Zacks Research raised shares of Sigma Lithium from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.
Read Our Latest Research Report on Sigma Lithium
Sigma Lithium Company Profile
Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.
Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.
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