Ariose Capital Management Ltd Makes New Investment in Sigma Lithium Corporation $SGML

Ariose Capital Management Ltd acquired a new position in shares of Sigma Lithium Corporation (NASDAQ:SGML) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 310,076 shares of the company’s stock, valued at approximately $3,826,000. Sigma Lithium comprises about 2.6% of Ariose Capital Management Ltd’s holdings, making the stock its 8th biggest holding.

Several other large investors have also modified their holdings of SGML. BNP Paribas Financial Markets boosted its holdings in shares of Sigma Lithium by 15.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock valued at $99,000 after buying an additional 3,005 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in Sigma Lithium by 6.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 55,143 shares of the company’s stock worth $679,000 after acquiring an additional 3,489 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Sigma Lithium in the fourth quarter valued at $51,000. Virtu Financial LLC lifted its position in Sigma Lithium by 26.6% in the third quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock valued at $129,000 after acquiring an additional 4,210 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in Sigma Lithium in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

Shares of Sigma Lithium stock opened at $12.29 on Friday. Sigma Lithium Corporation has a 1 year low of $4.61 and a 1 year high of $24.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 0.32. The company has a market capitalization of $1.38 billion, a P/E ratio of -31.51 and a beta of 0.58. The company’s fifty day moving average is $16.14 and its two-hundred day moving average is $14.41.

Sigma Lithium (NASDAQ:SGML) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Sigma Lithium had a negative net margin of 41.84% and a negative return on equity of 57.50%. The company had revenue of $16.90 million for the quarter, compared to analyst estimates of $42.48 million. Analysts forecast that Sigma Lithium Corporation will post 1.15 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SGML. Bank of America raised Sigma Lithium from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Thursday, April 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Sigma Lithium in a report on Wednesday, June 24th. Wall Street Zen raised Sigma Lithium from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, Zacks Research upgraded Sigma Lithium from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Sigma Lithium presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.