Keystone Investors PTE Ltd. Makes New $1.10 Million Investment in Sigma Lithium Corporation $SGML

Keystone Investors PTE Ltd. bought a new position in Sigma Lithium Corporation (NASDAQ:SGML) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 83,600 shares of the company’s stock, valued at approximately $1,103,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in Sigma Lithium by 15.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 21,897 shares of the company’s stock worth $99,000 after acquiring an additional 3,005 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Sigma Lithium in the 4th quarter worth about $51,000. Virtu Financial LLC grew its stake in Sigma Lithium by 26.6% in the 3rd quarter. Virtu Financial LLC now owns 20,053 shares of the company’s stock worth $129,000 after acquiring an additional 4,210 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in Sigma Lithium in the 4th quarter worth about $57,000. Finally, Millennium Management LLC grew its stake in Sigma Lithium by 6.4% in the 3rd quarter. Millennium Management LLC now owns 81,543 shares of the company’s stock worth $520,000 after acquiring an additional 4,909 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors.

Sigma Lithium Price Performance

NASDAQ SGML opened at $15.98 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.25 and a current ratio of 0.32. The firm’s 50 day moving average price is $17.40 and its 200-day moving average price is $14.16. Sigma Lithium Corporation has a 52-week low of $4.25 and a 52-week high of $24.48. The company has a market cap of $1.79 billion, a PE ratio of -40.97 and a beta of 0.54.

Sigma Lithium (NASDAQ:SGML) last released its quarterly earnings data on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Sigma Lithium had a negative net margin of 41.84% and a negative return on equity of 57.50%. The firm had revenue of $42.34 million for the quarter, compared to the consensus estimate of $42.48 million. Sell-side analysts forecast that Sigma Lithium Corporation will post 1.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SGML has been the topic of a number of research analyst reports. Bank of America upgraded shares of Sigma Lithium from a “neutral” rating to a “buy” rating and upped their target price for the stock from $14.00 to $17.00 in a research note on Thursday, April 2nd. Wall Street Zen downgraded shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sigma Lithium in a research note on Friday, March 27th. Finally, Zacks Research upgraded shares of Sigma Lithium from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” 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.