FY2024 Earnings Forecast for Sigma Lithium Issued By Cormark

Sigma Lithium Co. (NASDAQ:SGML - Free Report) - Cormark lowered their FY2024 EPS estimates for shares of Sigma Lithium in a note issued to investors on Monday, November 18th. Cormark analyst M. Whale now forecasts that the company will post earnings per share of ($0.12) for the year, down from their previous forecast of $0.05. The consensus estimate for Sigma Lithium's current full-year earnings is $0.05 per share. Cormark also issued estimates for Sigma Lithium's Q1 2025 earnings at $0.19 EPS and Q2 2025 earnings at $0.19 EPS.

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

Sigma Lithium Trading Up 4.2 %

Shares of SGML stock opened at $14.46 on Thursday. The stock has a 50-day moving average of $13.04 and a 200-day moving average of $12.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.96. Sigma Lithium has a 1-year low of $8.47 and a 1-year high of $34.31.

Institutional Trading of Sigma Lithium

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in shares of Sigma Lithium during the 2nd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sigma Lithium in the second quarter valued at approximately $107,000. Geode Capital Management LLC boosted its holdings in shares of Sigma Lithium by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company's stock worth $1,448,000 after buying an additional 9,049 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sigma Lithium during the 3rd quarter worth approximately $122,000. Finally, Tidal Investments LLC increased its stake in shares of Sigma Lithium by 65.9% in the 1st quarter. Tidal Investments LLC now owns 44,241 shares of the company's stock valued at $573,000 after acquiring an additional 17,566 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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