Sigma Lithium (NASDAQ:SGML) Price Target Raised to C$27.00 at National Bank Financial

Sigma Lithium (NASDAQ:SGMLGet Rating) had its price target upped by National Bank Financial from C$26.00 to C$27.00 in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other analysts also recently weighed in on SGML. Canaccord Genuity Group lifted their price target on Sigma Lithium from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Wednesday, April 13th. Canaccord Genuity Group upped their target price on Sigma Lithium from $17.00 to $24.00 in a research note on Wednesday, April 6th.

Sigma Lithium stock traded down $0.96 during midday trading on Thursday, reaching $16.09. 21,129 shares of the stock traded hands, compared to its average volume of 494,574. The company has a 50-day simple moving average of $15.96 and a two-hundred day simple moving average of $12.84. Sigma Lithium has a 12-month low of $4.89 and a 12-month high of $19.99.

Sigma Lithium (NASDAQ:SGMLGet Rating) last issued its earnings results on Friday, April 1st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Equities research analysts anticipate that Sigma Lithium will post -0.17 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of SGML. Waratah Capital Advisors Ltd. boosted its stake in Sigma Lithium by 21.9% in the 1st quarter. Waratah Capital Advisors Ltd. now owns 1,264,393 shares of the company’s stock worth $17,301,000 after purchasing an additional 226,867 shares during the period. Potrero Capital Research LLC bought a new stake in shares of Sigma Lithium in the 1st quarter valued at about $11,466,000. National Bank of Canada FI raised its holdings in shares of Sigma Lithium by 4.3% in the 1st quarter. National Bank of Canada FI now owns 320,140 shares of the company’s stock valued at $4,302,000 after purchasing an additional 13,251 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Sigma Lithium in the 4th quarter valued at about $1,024,000. Finally, BlackRock Inc. bought a new position in Sigma Lithium in the 1st quarter valued at about $1,123,000. 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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