Sigma Lithium Co. (NASDAQ:SGML - Free Report) - Research analysts at Cormark lowered their Q4 2024 earnings per share (EPS) estimates for Sigma Lithium in a note issued to investors on Tuesday, February 25th. Cormark analyst S. Gill now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Sigma Lithium's current full-year earnings is ($0.12) per share. Cormark also issued estimates for Sigma Lithium's Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $0.79 EPS.
Separately, Bank of America decreased their price target on Sigma Lithium from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th.
Read Our Latest Stock Analysis on Sigma Lithium
Sigma Lithium Stock Down 3.1 %
Shares of SGML stock traded down $0.36 during mid-day trading on Wednesday, hitting $11.31. The company's stock had a trading volume of 409,149 shares, compared to its average volume of 502,570. Sigma Lithium has a 52-week low of $8.47 and a 52-week high of $19.20. The business has a 50-day moving average price of $11.47 and a 200 day moving average price of $12.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.72 and a current ratio of 0.84. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -23.56 and a beta of 0.22.
Institutional Trading of Sigma Lithium
A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in Sigma Lithium by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 17,390 shares of the company's stock valued at $195,000 after acquiring an additional 1,710 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium during the fourth quarter valued at $27,000. U S Global Investors Inc. increased its position in Sigma Lithium by 233.3% during the fourth quarter. U S Global Investors Inc. now owns 10,000 shares of the company's stock valued at $112,000 after acquiring an additional 7,000 shares during the last quarter. Geode Capital Management LLC increased its position in Sigma Lithium by 8.4% during the third quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock valued at $1,448,000 after acquiring an additional 9,049 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Sigma Lithium during the third quarter valued at $122,000. Hedge funds and other institutional investors own 64.86% of the company's stock.
About Sigma Lithium
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Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds a 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 29 mineral rights covering an area of approximately 185 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.
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