Canaccord Genuity Group Increases Sigma Lithium (NASDAQ:SGML) Price Target to C$25.00

Sigma Lithium (NASDAQ:SGMLGet Rating) had its price objective increased by Canaccord Genuity Group from C$24.00 to C$25.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock.

Other research analysts have also recently issued reports about the stock. Bank of America initiated coverage on shares of Sigma Lithium in a research report on Thursday, January 6th. They set a “buy” rating and a $14.00 price target on the stock. National Bank Financial upped their price target on shares of Sigma Lithium from C$13.00 to C$17.00 in a research report on Thursday, January 20th. Finally, Canaccord Genuity Group increased their price target on Sigma Lithium from $17.00 to $24.00 in a report on Wednesday, April 6th.

Shares of NASDAQ SGML traded down $0.24 during midday trading on Wednesday, hitting $15.94. The stock had a trading volume of 21,510 shares, compared to its average volume of 302,150. Sigma Lithium has a 1-year low of $3.84 and a 1-year high of $19.48. The business has a fifty day moving average of $12.15.

A number of hedge funds have recently bought and sold shares of SGML. UBS Group AG acquired a new position in Sigma Lithium in the third quarter worth approximately $40,000. DRW Securities LLC acquired a new position in shares of Sigma Lithium during the 4th quarter worth $104,000. Geode Capital Management LLC bought a new position in shares of Sigma Lithium during the 4th quarter valued at $224,000. Principal Street Partners LLC bought a new stake in Sigma Lithium in the third quarter worth $293,000. Finally, Millennium Management LLC acquired a new position in Sigma Lithium during the third quarter worth $382,000. Institutional investors own 5.46% of the company’s stock.

About Sigma Lithium (Get Rating)

Sigma Lithium Corp. engages in the production a lithium property. It focuses its project in Minas Gerais. The firm also plans to build a world-class commercial-scale lithium concentration plant. The company was founded on June 8, 2011 and is headquartered in Vancouver, Canada.

Featured Articles

The Fly logo

Receive News & Ratings for Sigma Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sigma Lithium and related companies with MarketBeat.com's FREE daily email newsletter.