SG Americas Securities LLC acquired a new stake in shares of Sigma Lithium Corporation (NASDAQ:SGML – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 132,855 shares of the company’s stock, valued at approximately $1,639,000.
Several other large investors also recently modified their holdings of SGML. BNP Paribas Financial Markets raised its holdings in shares of Sigma Lithium by 15.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock worth $99,000 after buying an additional 3,005 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Sigma Lithium in the fourth quarter valued at $51,000. Virtu Financial LLC grew its position in Sigma Lithium by 26.6% in the third quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock valued at $129,000 after acquiring an additional 4,210 shares during the period. GF Fund Management CO. LTD. acquired a new position in Sigma Lithium during the fourth quarter worth $57,000. Finally, Millennium Management LLC raised its stake in Sigma Lithium by 6.4% during the third quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock worth $520,000 after acquiring an additional 4,909 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SGML has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Sigma Lithium in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Sigma Lithium from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Bank of America raised shares of Sigma Lithium from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $17.00 in a report on Thursday, April 2nd. 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 investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.
Sigma Lithium Trading Down 1.0%
SGML stock opened at $12.29 on Friday. The business has a fifty day moving average price of $16.33 and a 200 day moving average price of $14.42. Sigma Lithium Corporation has a fifty-two week low of $4.61 and a fifty-two week high of $24.48. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -31.51 and a beta of 0.58. 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 (NASDAQ:SGML – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $16.90 million during the quarter, compared to the consensus estimate of $42.48 million. Sigma Lithium had a negative return on equity of 57.50% and a negative net margin of 41.84%. Analysts expect that Sigma Lithium Corporation will post 1.15 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.
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