Sigma Lithium Corporation $SGML Holdings Raised by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its stake in shares of Sigma Lithium Corporation (NASDAQ:SGML) by 242.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,654 shares of the company’s stock after buying an additional 36,551 shares during the period. Banque Cantonale Vaudoise’s holdings in Sigma Lithium were worth $681,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in shares of Sigma Lithium during the 4th quarter valued at $51,000. GF Fund Management CO. LTD. acquired a new stake in Sigma Lithium during the fourth quarter valued at $57,000. BTG Pactual Asset Management US LLC acquired a new stake in Sigma Lithium during the third quarter valued at $71,000. Quantbot Technologies LP acquired a new stake in Sigma Lithium during the third quarter valued at $82,000. Finally, Nebula Research & Development LLC acquired a new stake in Sigma Lithium during the second quarter valued at $87,000. Institutional investors and hedge funds own 64.86% of the company’s stock.

Sigma Lithium Price Performance

NASDAQ SGML opened at $14.88 on Friday. Sigma Lithium Corporation has a fifty-two week low of $4.25 and a fifty-two week high of $24.48. The stock’s 50-day moving average is $16.16 and its two-hundred day moving average is $13.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.32 and a quick ratio of 0.14. The firm has a market cap of $1.66 billion, a P/E ratio of -38.15 and a beta of 0.64.

Sigma Lithium (NASDAQ:SGML) last posted its earnings results on Friday, May 15th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Sigma Lithium had a negative return on equity of 57.50% and a negative net margin of 41.84%.The company had revenue of $42.34 million for the quarter, compared to analyst estimates of $42.48 million. On average, analysts anticipate that Sigma Lithium Corporation will post 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SGML. Bank of America raised Sigma Lithium from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $17.00 in a research report on Thursday, April 2nd. Wall Street Zen raised Sigma Lithium from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of Sigma Lithium in a research report on Friday, March 27th. Finally, Canaccord Genuity Group raised Sigma Lithium from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Sigma Lithium presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.