Sigma Lithium (NASDAQ:SGML) Shares Up 9.9% After Analyst Upgrade

Sigma Lithium Corporation (NASDAQ:SGML)’s stock price rose 9.9% during mid-day trading on Tuesday after Bank of America upgraded the stock from an underperform rating to a neutral rating. Bank of America now has a $14.00 price target on the stock. Sigma Lithium traded as high as $11.89 and last traded at $11.87. Approximately 1,365,213 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 5,013,937 shares. The stock had previously closed at $10.80.

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

Key Headlines Impacting 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

Hedge Funds Weigh In On Sigma Lithium

A number of institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC bought a new stake in Sigma Lithium in the fourth quarter valued at approximately $313,000. GF Fund Management CO. LTD. acquired a new position in shares of Sigma Lithium during the 4th quarter worth approximately $57,000. Farther Finance Advisors LLC bought a new stake in Sigma Lithium in the 4th quarter valued at $51,000. Perigon Wealth Management LLC bought a new stake in Sigma Lithium in the 4th quarter valued at $237,000. Finally, Woodline Partners LP lifted its holdings in Sigma Lithium by 26.6% during the 3rd quarter. Woodline Partners LP now owns 2,964,909 shares of the company’s stock valued at $19,005,000 after purchasing an additional 623,832 shares during the last quarter. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Stock Performance

The stock has a market capitalization of $1.34 billion and a P/E ratio of -38.77. The stock’s 50-day simple moving average is $12.63 and its 200 day simple moving average is $8.60. 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 posted its 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). The company had revenue of $28.55 million during the quarter, compared to analysts’ expectations of $70.54 million. Sigma Lithium had a negative net margin of 24.13% and a negative return on equity of 35.97%. Research analysts expect that Sigma Lithium Corporation will post -0.12 EPS for the current fiscal year.

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.