Dymon Asia Capital Singapore PTE. LTD. Sells 233,126 Shares of Sigma Lithium Corporation $SGML

Dymon Asia Capital Singapore PTE. LTD. lessened its holdings in Sigma Lithium Corporation (NASDAQ:SGML) by 40.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 348,814 shares of the company’s stock after selling 233,126 shares during the quarter. Sigma Lithium makes up approximately 0.4% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 18th biggest holding. Dymon Asia Capital Singapore PTE. LTD. owned about 0.31% of Sigma Lithium worth $4,601,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $51,000. GF Fund Management CO. LTD. bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $57,000. Deutsche Bank AG bought a new position in shares of Sigma Lithium in the 4th quarter valued at about $101,000. BTG Pactual Asset Management US LLC bought a new position in shares of Sigma Lithium in the 3rd quarter valued at about $71,000. Finally, Quantbot Technologies LP bought a new position in shares of Sigma Lithium in the 3rd quarter valued at about $82,000. Institutional investors own 64.86% of the company’s stock.

Analyst Ratings Changes

SGML has been the topic of several recent research reports. Wall Street Zen lowered shares of Sigma Lithium from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America raised shares of Sigma Lithium from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $17.00 in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sigma Lithium in a research note on Friday, March 27th. Finally, Zacks Research raised 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 assigned a Sell rating to the stock. According to MarketBeat, Sigma Lithium presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Sigma Lithium Stock Performance

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

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

Sigma Lithium 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.