Sigma Lithium (NASDAQ:SGML) Rating Increased to Neutral at Bank of America

Bank of America upgraded shares of Sigma Lithium (NASDAQ:SGML) from an underperform rating to a neutral rating in a research report released on Tuesday, MarketBeat reports. They currently have $14.00 price target on the stock.

A number of other brokerages have also recently commented on SGML. BMO Capital Markets reiterated an “outperform” rating and issued a $18.00 target price on shares of Sigma Lithium in a research report on Wednesday, January 14th. Zacks Research raised shares of Sigma Lithium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Citigroup lowered Sigma Lithium from an “overweight” rating to an “underperform” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sigma Lithium in a research report on Monday, December 29th. Finally, Canaccord Genuity Group raised Sigma Lithium from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.50.

Sigma Lithium Price Performance

Shares of Sigma Lithium stock opened at $12.02 on Tuesday. The stock has a market capitalization of $1.34 billion and a P/E ratio of -38.77. The business has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $8.60. Sigma Lithium has a 12 month low of $4.25 and a 12 month high of $16.87. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.49 and a quick ratio of 0.32.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SGML. BNP Paribas Financial Markets increased its holdings in shares of Sigma Lithium by 15.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock valued at $99,000 after acquiring an additional 3,005 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Sigma Lithium during the fourth quarter worth about $51,000. Virtu Financial LLC raised its stake in Sigma Lithium by 26.6% during the 3rd quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock valued at $129,000 after acquiring an additional 4,210 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Sigma Lithium in the 4th quarter valued at approximately $57,000. Finally, Electron Capital Partners LLC raised its stake in shares of Sigma Lithium by 0.4% during the second quarter. Electron Capital Partners LLC now owns 1,067,947 shares of the company’s stock worth $4,806,000 after purchasing an additional 4,557 shares during the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Sigma Lithium

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

• Positive Sentiment: Resumed mining operations at Mine 1 with 600+ workers on site, concluding a restructuring the company says will boost safety and align mining capacity with the Greentech plant — a clear production catalyst. Sigma-Lithium Announces the Resumption of Mining Activities at Mine 1
• Positive Sentiment: Bank of America upgraded SGML from “underperform” to “neutral” and set a $14 price target, signaling buy-side support and providing a visible near-term upside reference for investors. Sigma Lithium rises after resuming production in Brazil; BofA upgrades
• Neutral Sentiment: Trading volume is elevated versus the average and technicals show the stock above its 200‑day moving average but near the 50‑day; this creates short‑term momentum but not a clear directional guarantee.
• Negative Sentiment: Pomerantz LLP announced an investor probe into Sigma Lithium, introducing potential legal risk and uncertainty that can pressure the stock if investigations advance. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sigma Lithium Corporation – SGML
• Negative Sentiment: Analyst consensus remains weak (average recommendation “Reduce”) and the company’s recent quarterly results showed a revenue miss and negative margins/ROE, which are fundamental headwinds that could limit upside if operational improvements don’t translate to stronger results. Sigma Lithium Corporation (NASDAQ:SGML) Given Average Recommendation of “Reduce” by Brokerages

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.