Cormark Predicts Sigma Lithium's Q4 Earnings (NASDAQ:SGML)

Sigma Lithium Co. (NASDAQ:SGML - Free Report) - Analysts at Cormark reduced their Q4 2024 earnings per share estimates for shares of Sigma Lithium in a report released on Monday, November 18th. Cormark analyst M. Whale now anticipates that the company will earn $0.10 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for Sigma Lithium's current full-year earnings is $0.05 per share. Cormark also issued estimates for Sigma Lithium's Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.98 EPS.

Separately, BMO Capital Markets reduced their price objective on Sigma Lithium from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Monday, August 19th.

Sigma Lithium Stock Performance

SGML traded up $0.40 on Wednesday, hitting $14.28. 254,710 shares of the company's stock were exchanged, compared to its average volume of 1,010,611. The firm has a market cap of $1.59 billion, a PE ratio of -29.29 and a beta of 0.16. The stock has a fifty day moving average of $13.04 and a two-hundred day moving average of $12.76. Sigma Lithium has a twelve month low of $8.47 and a twelve month high of $34.31. The company has a current ratio of 1.05, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Sigma Lithium

Several large investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. boosted its holdings in Sigma Lithium by 43.3% during the first quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company's stock worth $4,951,000 after buying an additional 115,438 shares in the last quarter. SG Americas Securities LLC purchased a new position in Sigma Lithium in the 2nd quarter worth about $672,000. Perpetual Ltd purchased a new stake in Sigma Lithium during the third quarter valued at about $2,096,000. Fourth Sail Capital LP boosted its holdings in shares of Sigma Lithium by 1,572.2% in the second quarter. Fourth Sail Capital LP now owns 3,134,797 shares of the company's stock worth $37,712,000 after buying an additional 2,947,331 shares during the period. Finally, Millennium Management LLC increased its position in shares of Sigma Lithium by 16.9% in the second quarter. Millennium Management LLC now owns 1,243,579 shares of the company's stock worth $14,960,000 after acquiring an additional 179,355 shares in the last quarter. Institutional investors and hedge funds own 64.86% of the company's stock.

About Sigma Lithium

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.