Sigma Lithium (NASDAQ:SGML) Shares Gap Up to $12.19

Sigma Lithium Co. (NASDAQ:SGML) gapped up prior to trading on Wednesday . The stock had previously closed at $12.19, but opened at $12.51. Sigma Lithium shares last traded at $12.87, with a volume of 256,554 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SGML shares. BMO Capital Markets decreased their target price on shares of Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 27th. Bank of America lifted their target price on Sigma Lithium from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, May 20th.

Sigma Lithium Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $14.92 and its 200-day moving average is $17.92.

Sigma Lithium (NASDAQ:SGML) last issued its earnings results on Wednesday, May 15th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The firm had revenue of $37.39 million for the quarter, compared to analyst estimates of $57.79 million. Equities research analysts predict that Sigma Lithium Co. will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Sigma Lithium

Institutional investors have recently made changes to their positions in the company. PenderFund Capital Management Ltd. bought a new stake in shares of Sigma Lithium in the 4th quarter worth approximately $32,000. Canton Hathaway LLC bought a new stake in Sigma Lithium during the fourth quarter worth approximately $60,000. U S Global Investors Inc. acquired a new position in shares of Sigma Lithium during the 4th quarter valued at $252,000. Alps Advisors Inc. boosted its stake in Sigma Lithium by 54.7% during the third quarter. Alps Advisors Inc. now owns 8,778 shares of the company’s stock valued at $285,000 after buying an additional 3,104 shares in the last quarter. Finally, Citigroup Inc. acquired a new position in Sigma Lithium during the third quarter worth about $423,000. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Company Profile

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.