Sigma Lithium (NASDAQ:SGML) Given “Underperform” Rating at Bank of America

Bank of America reiterated their underperform rating on shares of Sigma Lithium (NASDAQ:SGML) in a report released on Thursday, MarketBeat reports. They currently have a $13.00 price objective on the stock, up from their previous price objective of $11.00.

Several other brokerages also recently issued reports on SGML. Citigroup downgraded shares of Sigma Lithium from an “overweight” rating to an “underperform” rating in a research note on Thursday. Zacks Research raised Sigma Lithium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sigma Lithium in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Sell” and an average price target of $13.00.

Sigma Lithium Trading Down 15.1%

NASDAQ SGML opened at $13.30 on Thursday. Sigma Lithium has a 12 month low of $4.25 and a 12 month high of $16.60. The company has a current ratio of 0.49, a quick ratio of 0.32 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average price is $10.38 and its 200-day moving average price is $7.55. The stock has a market cap of $1.48 billion and a P/E ratio of -42.90.

Sigma Lithium (NASDAQ:SGML) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). Sigma Lithium had a negative net margin of 24.13% and a negative return on equity of 35.97%. The company had revenue of $28.55 million for the quarter, compared to analysts’ expectations of $70.54 million. As a group, equities analysts forecast that Sigma Lithium will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Sigma Lithium

A number of hedge funds have recently added to or reduced their stakes in SGML. Woodline Partners LP boosted its stake in shares of Sigma Lithium by 26.6% in the 3rd quarter. Woodline Partners LP now owns 2,964,909 shares of the company’s stock worth $19,005,000 after buying an additional 623,832 shares during the last quarter. XTX Topco Ltd bought a new position in Sigma Lithium in the third quarter valued at about $632,000. Verition Fund Management LLC bought a new position in Sigma Lithium in the third quarter valued at about $3,603,000. Millennium Management LLC boosted its position in Sigma Lithium by 6.4% in the third quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock worth $520,000 after purchasing an additional 4,909 shares during the last quarter. Finally, Lighthouse Investment Partners LLC grew its stake in shares of Sigma Lithium by 27.1% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 538,983 shares of the company’s stock valued at $3,455,000 after purchasing an additional 114,768 shares during the period. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Sigma Lithium

Here are the key news stories impacting Sigma Lithium this week:

• Positive Sentiment: Unusually large options activity — investors bought 45,349 call options (about a 605% increase vs. average), indicating big speculative bets or directional hedging that can drive short-term upside if momentum continues. Smart Money Is Betting Big In SGML Options
• Positive Sentiment: “Smart money” options flow: Benzinga highlights large institutional-style option bets in SGML, which can signal expectations for a move higher or event-driven positioning; such activity often precedes increased volatility and can attract momentum traders. Smart Money Is Betting Big In SGML Options
• Neutral Sentiment: Bank of America reiterated an Underperform rating but nudged its price target to $13.00 from $11.00 — a modest change that keeps BofA bearish on SGML’s risk/reward while recognizing some improvement in market conditions; the PT sits slightly below the current market price. Analyst Rating Reaffirmed
• Negative Sentiment: BofA analyst caution: a recent note warns Sigma is pricing in mining volumes that don’t yet exist — unresolved operational delays and liquidity uncertainty could constrain near-term production and limit benefits from higher lithium prices, pressuring the stock. Sigma Lithium Stock Prices In Mining Volumes That Don’t Exist Yet, Analyst Says
• Negative Sentiment: Coverage note summary: media coverage frames BofA’s stance as effectively a “sell equivalent” given persistent inactivity at project sites and financing/operational uncertainty — narrative risk that can amplify selling pressure until milestones are delivered. Sigma Lithium cut to sell equivalent at BofA as market sentiment improves but inactivity remains

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.