Analysts Expect Sigma Lithium Co. (NASDAQ:SGML) Will Announce Earnings of -$0.01 Per Share

Wall Street brokerages forecast that Sigma Lithium Co. (NASDAQ:SGML – Get Rating) will post earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks. Zero analysts have provided estimates for Sigma Lithium’s earnings. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Sigma Lithium will report full-year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.15) to $0.02. For the next financial year, analysts expect that the business will post earnings of $1.58 per share, with EPS estimates ranging from $0.56 to $2.60. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Sigma Lithium.

Several brokerages have commented on SGML. Zacks Investment Research upgraded Sigma Lithium from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, April 16th. Canaccord Genuity Group raised their target price on Sigma Lithium from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 13th. National Bank Financial raised their target price on Sigma Lithium from C$13.00 to C$17.00 in a research note on Thursday, January 20th. Finally, Canaccord Genuity Group raised their target price on Sigma Lithium from $17.00 to $24.00 in a research note on Wednesday, April 6th.

SGML stock opened at $15.93 on Thursday. Sigma Lithium has a fifty-two week low of $4.19 and a fifty-two week high of $19.48. The business’s fifty day moving average price is $14.35.

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG bought a new stake in shares of Sigma Lithium during the 3rd quarter valued at about $40,000. DRW Securities LLC bought a new stake in shares of Sigma Lithium during the 4th quarter valued at about $104,000. Geode Capital Management LLC bought a new stake in shares of Sigma Lithium during the 4th quarter valued at about $224,000. Principal Street Partners LLC bought a new stake in shares of Sigma Lithium during the 3rd quarter valued at about $293,000. Finally, Millennium Management LLC bought a new stake in shares of Sigma Lithium during the 3rd quarter valued at about $382,000. Hedge funds and other institutional investors own 6.58% of the company’s stock.

Sigma Lithium Company Profile (Get Rating)

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

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