Bank of New York Mellon Corp Invests $728,000 in Sigma Lithium Co. (NASDAQ:SGML)

Bank of New York Mellon Corp bought a new stake in shares of Sigma Lithium Co. (NASDAQ:SGML) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 64,871 shares of the company’s stock, valued at approximately $728,000. Bank of New York Mellon Corp owned 0.06% of Sigma Lithium as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SGML. Public Employees Retirement System of Ohio bought a new position in shares of Sigma Lithium during the 3rd quarter worth about $122,000. Handelsbanken Fonder AB acquired a new position in Sigma Lithium during the 4th quarter worth approximately $160,000. Y Intercept Hong Kong Ltd bought a new position in Sigma Lithium in the third quarter worth approximately $299,000. Tidal Investments LLC grew its stake in Sigma Lithium by 43.4% in the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after acquiring an additional 19,193 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Sigma Lithium by 8.4% during the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock valued at $1,448,000 after acquiring an additional 9,049 shares in the last quarter. 64.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price target on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th.

Sigma Lithium Trading Down 1.5 %

NASDAQ:SGML opened at $11.52 on Thursday. Sigma Lithium Co. has a one year low of $8.47 and a one year high of $19.20. The company has a market cap of $1.28 billion, a PE ratio of -24.00 and a beta of 0.21. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The firm has a 50-day moving average of $11.37 and a 200-day moving average of $12.20.

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.