Turim 21 Investimentos Ltda. acquired a new stake in shares of Sigma Lithium Corporation (NASDAQ:SGML – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 55,000 shares of the company’s stock, valued at approximately $723,000. Sigma Lithium comprises 0.3% of Turim 21 Investimentos Ltda.’s holdings, making the stock its 23rd largest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Sigma Lithium by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 113,299 shares of the company’s stock worth $1,178,000 after purchasing an additional 9,748 shares during the last quarter. Invesco Ltd. increased its position in Sigma Lithium by 22.2% in the second quarter. Invesco Ltd. now owns 899,945 shares of the company’s stock worth $4,050,000 after purchasing an additional 163,335 shares during the last quarter. Marshall Wace LLP bought a new stake in Sigma Lithium in the second quarter worth $560,000. Jump Financial LLC bought a new stake in Sigma Lithium in the second quarter worth $131,000. Finally, Nebula Research & Development LLC bought a new stake in Sigma Lithium in the second quarter worth $87,000. Institutional investors own 64.86% of the company’s stock.
Sigma Lithium Stock Down 3.9%
NASDAQ SGML opened at $14.80 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.32 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $17.43 and a two-hundred day moving average of $14.26. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -37.95 and a beta of 0.54. Sigma Lithium Corporation has a 52 week low of $4.25 and a 52 week high of $24.48.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on SGML shares. Wall Street Zen cut shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America upgraded shares of Sigma Lithium from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $17.00 in a research report on Thursday, April 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Sigma Lithium in a research report on Friday, March 27th. Finally, Zacks Research upgraded shares of Sigma Lithium from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.50.
Get Our Latest Report on Sigma Lithium
About Sigma Lithium
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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