Cormark Forecasts Sigma Lithium’s Q4 Earnings (NASDAQ:SGML)

Sigma Lithium Co. (NASDAQ:SGML) – Equities research analysts at Cormark lowered their Q4 2024 earnings estimates for Sigma Lithium in a report released on Tuesday, February 25th. Cormark analyst S. Gill now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous estimate of $0.10. The consensus estimate for Sigma Lithium’s current full-year earnings is ($0.12) per share. Cormark also issued estimates for Sigma Lithium’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $0.79 EPS.

Separately, Bank of America cut their price objective on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

Sigma Lithium Stock Performance

Shares of SGML stock opened at $11.75 on Wednesday. The company’s fifty day simple moving average is $11.43 and its 200-day simple moving average is $12.00. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $19.20. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.31 billion, a PE ratio of -24.48 and a beta of 0.22.

Institutional Trading of Sigma Lithium

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp increased its holdings in Sigma Lithium by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,248,755 shares of the company’s stock valued at $15,435,000 after buying an additional 47,143 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Sigma Lithium by 848.2% during the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock valued at $4,388,000 after acquiring an additional 317,225 shares during the period. Bridgewater Associates LP acquired a new position in Sigma Lithium during the 3rd quarter valued at about $4,584,000. Appian Way Asset Management LP grew its holdings in Sigma Lithium by 57.2% in the 3rd quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock worth $50,582,000 after buying an additional 1,488,265 shares in the last quarter. Finally, Polar Asset Management Partners Inc. grew its stake in shares of Sigma Lithium by 22.0% in the third quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock worth $3,047,000 after purchasing an additional 44,400 shares in the last quarter. 64.86% of the stock is owned by hedge funds and other institutional investors.

About Sigma Lithium

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.