Cormark Brokers Reduce Earnings Estimates for Sigma Lithium

Sigma Lithium Co. (NASDAQ:SGML) – Investment analysts at Cormark reduced their FY2024 earnings per share (EPS) estimates for Sigma Lithium in a report released on Monday, November 18th. Cormark analyst M. Whale now anticipates that the company will earn ($0.12) per share for the year, down from their previous forecast of $0.05. The consensus estimate for Sigma Lithium’s current full-year earnings is $0.05 per share. Cormark also issued estimates for Sigma Lithium’s Q1 2025 earnings at $0.19 EPS and Q2 2025 earnings at $0.19 EPS.

Separately, BMO Capital Markets reduced their price target on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, August 19th.

Sigma Lithium Stock Performance

Shares of NASDAQ SGML opened at $14.65 on Thursday. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $12.77. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $34.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 0.84. The stock has a market capitalization of $1.63 billion, a PE ratio of -29.67 and a beta of 0.16.

Institutional Trading of Sigma Lithium

Several institutional investors and hedge funds have recently bought and sold shares of SGML. 1832 Asset Management L.P. raised its stake in Sigma Lithium by 43.3% in the first quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company’s stock valued at $4,951,000 after buying an additional 115,438 shares during the period. Appian Way Asset Management LP increased its stake in shares of Sigma Lithium by 47.2% during the first quarter. Appian Way Asset Management LP now owns 2,270,102 shares of the company’s stock worth $29,421,000 after purchasing an additional 728,260 shares during the period. Tidal Investments LLC increased its stake in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after purchasing an additional 17,566 shares during the period. SG Americas Securities LLC bought a new position in shares of Sigma Lithium during the second quarter worth approximately $672,000. Finally, Van ECK Associates Corp increased its stake in shares of Sigma Lithium by 13.6% during the second quarter. Van ECK Associates Corp now owns 1,201,612 shares of the company’s stock worth $14,455,000 after purchasing an additional 143,696 shares during the period. Institutional investors own 64.86% of the company’s stock.

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.