Sigma Lithium Corporation (NASDAQ:SGML – Get Free Report) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.50.
SGML has been the subject of a number of research reports. Bank of America upgraded Sigma Lithium from a “neutral” rating to a “buy” rating and increased their price target for the company from $14.00 to $17.00 in a research note on Thursday, April 2nd. Wall Street Zen upgraded shares of Sigma Lithium from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Canaccord Genuity Group upgraded Sigma Lithium from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sigma Lithium in a research note on Friday, March 27th.
Check Out Our Latest Stock Report on SGML
Institutional Investors Weigh In On Sigma Lithium
Sigma Lithium Stock Up 1.3%
Shares of SGML opened at $14.95 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.14. Sigma Lithium has a one year low of $4.25 and a one year high of $24.48. The company has a market cap of $1.67 billion, a P/E ratio of -38.33 and a beta of 0.64. The firm has a 50 day simple moving average of $16.01 and a two-hundred day simple moving average of $13.15.
Sigma Lithium (NASDAQ:SGML – Get Free Report) last released its earnings results on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Sigma Lithium had a negative return on equity of 56.56% and a negative net margin of 41.84%.The firm had revenue of $42.34 million for the quarter, compared to analysts’ expectations of $42.48 million. Research analysts forecast that Sigma Lithium will post 0.92 EPS for the current fiscal year.
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.
Further Reading
- Five stocks we like better than Sigma Lithium
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for Sigma Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sigma Lithium and related companies with MarketBeat.com's FREE daily email newsletter.
