Goldman Sachs Group Inc. Acquires 9,748 Shares of Sigma Lithium Corporation $SGML

Goldman Sachs Group Inc. lifted its position in shares of Sigma Lithium Corporation (NASDAQ:SGML) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,299 shares of the company’s stock after buying an additional 9,748 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.10% of Sigma Lithium worth $1,178,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Appian Way Asset Management LP raised its stake in shares of Sigma Lithium by 5.3% in the first quarter. Appian Way Asset Management LP now owns 4,963,006 shares of the company’s stock worth $51,615,000 after purchasing an additional 250,581 shares during the last quarter. Woodline Partners LP grew its holdings in Sigma Lithium by 65.6% in the first quarter. Woodline Partners LP now owns 2,678,444 shares of the company’s stock valued at $27,856,000 after purchasing an additional 1,060,771 shares during the period. Decade Renewable Partners LP grew its holdings in Sigma Lithium by 2.4% in the first quarter. Decade Renewable Partners LP now owns 882,621 shares of the company’s stock valued at $9,179,000 after purchasing an additional 20,760 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Sigma Lithium by 95.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 440,000 shares of the company’s stock valued at $4,576,000 after purchasing an additional 215,000 shares during the period. Finally, Amundi acquired a new stake in Sigma Lithium in the first quarter valued at approximately $2,478,000. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Sigma Lithium Trading Up 2.0%

NASDAQ:SGML opened at $6.06 on Monday. The stock has a 50-day simple moving average of $6.07 and a 200-day simple moving average of $6.91. The stock has a market cap of $674.54 million, a P/E ratio of -13.77 and a beta of 0.09. Sigma Lithium Corporation has a 1 year low of $4.25 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.39 and a current ratio of 0.60.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.14). The business had revenue of $16.89 million for the quarter, compared to analyst estimates of $50.44 million. Sigma Lithium had a negative return on equity of 47.19% and a negative net margin of 35.69%. As a group, analysts anticipate that Sigma Lithium Corporation will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Bank of America assumed coverage on Sigma Lithium in a report on Tuesday, August 26th. They issued a “buy” rating and a $12.00 price objective on the stock. Wall Street Zen lowered Sigma Lithium from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Cormark raised Sigma Lithium to a “moderate buy” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sigma Lithium has a consensus rating of “Buy” and a consensus price target of $12.00.

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.