Sigma Lithium (NASDAQ:SGML) Shares Gap Up on Analyst Upgrade

Sigma Lithium Corporation (NASDAQ:SGML)’s stock price gapped up before the market opened on Friday after Canaccord Genuity Group upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $12.54, but opened at $14.45. Sigma Lithium shares last traded at $14.6020, with a volume of 2,454,945 shares traded.

SGML has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sigma Lithium in a research report on Monday, December 29th. Bank of America reiterated an “underperform” rating and issued a $13.00 price objective (up from $11.00) on shares of Sigma Lithium in a report on Thursday, January 8th. Zacks Research raised Sigma Lithium from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Citigroup downgraded Sigma Lithium from an “overweight” rating to an “underperform” rating in a research report on Thursday, January 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $18.00 price target on shares of Sigma Lithium in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $17.17.

More Sigma Lithium News

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

• Positive Sentiment: Sigma announced the sale of an additional 100,000 tonnes of high‑purity lithium fines at a price reportedly higher than the prior sale — a clear near‑term revenue catalyst. Newsfile Release
• Positive Sentiment: The company reiterated that mining remobilization activities are on track and expected to conclude as previously announced, reducing near‑term execution risk. Newsfile Release
• Positive Sentiment: Canaccord Genuity upgraded SGML from “hold” to “buy,” providing bullish analyst support that can boost investor demand. Zacks / Canaccord Note
• Positive Sentiment: Sigma publicly pushed back on inaccurate media claims about its Brazil operations, which helped calm investor concerns and contributed to the rebound in shares. MSN: Fake News Denial
• Neutral Sentiment: Analysts and commentators are re‑running valuation checks after the fresh sale and mine progress; some view the sale as supportive but note the need for sustained revenue and operating scale. Yahoo Finance Valuation
• Neutral Sentiment: Coverage pieces highlight the company’s capacity‑doubling plan and bullish scenarios but flag execution and market demand as key variables for the long‑term bull case. Yahoo: Bull Case / Capacity
• Negative Sentiment: Bank of America maintains an underperform rating on SGML, underscoring persistent analyst skepticism and reminding investors of the company’s negative margins, leverage and execution risks. MSN: BofA Rating

Institutional Investors Weigh In On Sigma Lithium

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC bought a new position in Sigma Lithium in the 4th quarter valued at $51,000. Perigon Wealth Management LLC acquired a new position in Sigma Lithium during the 4th quarter worth about $237,000. Woodline Partners LP grew its holdings in Sigma Lithium by 26.6% during the 3rd quarter. Woodline Partners LP now owns 2,964,909 shares of the company’s stock worth $19,005,000 after acquiring an additional 623,832 shares during the last quarter. XTX Topco Ltd bought a new stake in Sigma Lithium during the 3rd quarter worth about $632,000. Finally, Verition Fund Management LLC acquired a new stake in Sigma Lithium in the 3rd quarter valued at about $3,603,000. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Trading Up 17.5%

The business has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $8.27. The company has a quick ratio of 0.32, a current ratio of 0.49 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.64 billion and a P/E ratio of -47.55.

Sigma Lithium (NASDAQ:SGML) last posted its earnings results on Friday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $28.55 million during the quarter, compared to analyst estimates of $70.54 million. Sigma Lithium had a negative return on equity of 35.97% and a negative net margin of 24.13%. On average, analysts predict that Sigma Lithium Corporation will post -0.12 EPS for the current year.

Sigma Lithium Company Profile

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.