Sigma Lithium (NASDAQ:SGML) Cut to “Hold” at ATB Cormark Capital Markets

Posted by Brenda Bartman on Oct 5th, 2026

ATB Cormark Capital Markets lowered shares of Sigma Lithium (NASDAQ:SGML – Free Report) from a moderate buy rating to a hold rating in a research note published on Friday, MarketBeat reports. They currently have $13.00 price target on the stock, down from their previous price target of $19.50.

Several other research firms have also recently issued reports on SGML. Weiss Ratings cut shares of Sigma Lithium from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. BMO Capital Markets lowered shares of Sigma Lithium from an “outperform” rating to a “market perform” rating and set a $10.00 target price on the stock. in a report on Thursday. Wall Street Zen cut shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. downgraded shares of Sigma Lithium from an “overweight” rating to a “neutral” rating and set a $11.00 price target for the company. in a report on Friday. Finally, Zacks Research lowered shares of Sigma Lithium from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $14.30.

Check Out Our Latest Research Report on Sigma Lithium

Sigma Lithium Price Performance

Shares of NASDAQ:SGML opened at $9.09 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 1.25. The business has a fifty day moving average of $10.75 and a two-hundred day moving average of $13.37. The stock has a market cap of $1.02 billion, a P/E ratio of -37.87 and a beta of 0.67. Sigma Lithium has a 52-week low of $4.61 and a 52-week high of $24.48.

Sigma Lithium (NASDAQ:SGML – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.25). The company had revenue of $54.70 million for the quarter, compared to analysts’ expectations of $68.34 million. Sigma Lithium had a negative return on equity of 37.40% and a negative net margin of 19.36%. On average, research analysts expect that Sigma Lithium will post 0.5 earnings per share for the current year.

Institutional Trading of Sigma Lithium

A number of institutional investors and hedge funds have recently bought and sold shares of SGML. BlackRock Inc. purchased a new position in shares of Sigma Lithium in the second quarter valued at approximately $29,727,000. Handelsbanken Fonder AB grew its holdings in shares of Sigma Lithium by 23.2% in the second quarter. Handelsbanken Fonder AB now owns 1,498,133 shares of the company’s stock valued at $18,951,000 after purchasing an additional 282,595 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Sigma Lithium during the 4th quarter worth approximately $16,463,000. SIR Capital Management L.P. purchased a new stake in Sigma Lithium during the 2nd quarter worth approximately $4,754,000. Finally, Ariose Capital Management Ltd acquired a new stake in Sigma Lithium during the 1st quarter worth approximately $3,826,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Sigma Lithium

Here are the key news stories impacting Sigma Lithium this week:

Positive Sentiment: Sigma Lithium maintained its fiscal 2027 guidance of 330,000 tonnes of lithium oxide concentrate, despite the temporary operational pause. Management expects to resume activities after the Federal Court of Appeals rules on its emergency request for suspensive relief. Sigma Lithium operations and guidance announcement
Positive Sentiment: ATB Cormark’s new $13 price target remains materially above the recent share price, implying potential upside even after its rating was reduced to “sector perform.”
Neutral Sentiment: Analysts continue to focus on lithium-sector developments and Sigma Lithium’s outlook, with the company’s valuation tied closely to production continuity, lithium prices and the outcome of its Brazilian legal proceedings. Analyst insights on Sigma Lithium
Negative Sentiment: Brazilian regulators ordered a shutdown affecting part of the Grota do Cirilo mine, forcing Sigma Lithium to suspend mining and processing. The halt creates near-term risks to shipments, cash flow and customer commitments while the court reviews the company’s appeal. Brazil regulator orders mine halt
Negative Sentiment: JPMorgan downgraded SGML from “overweight” to “neutral” and set an $11 price target, signaling reduced conviction despite projected upside from current levels.
Negative Sentiment: ATB Cormark also cut its rating from “outperform” to “sector perform” and reduced its target from $19.50 to $13. The back-to-back downgrades add pressure to the stock and reflect concerns about execution and operational uncertainty.
Negative Sentiment: Investors remain concerned about a potential $106 million debt payment, particularly because the company has reported weak profitability and limited liquidity. Sigma Lithium debt payment analysis

Sigma Lithium Company Profile

(Get Free Report)

Sigma Lithium Corporation is a Canadian mining and development company focused on producing lithium concentrate for the electric vehicle and energy storage industries. Its primary asset is the Grota do Cirilo project in Minas Gerais, Brazil, which includes hard-rock lithium deposits, mining operations and a processing facility.

The company produces lithium concentrate designed for use in lithium-ion batteries. Its processing approach emphasizes the recovery of lithium-bearing material while seeking to reduce the use of hazardous chemicals and minimize environmental impacts.