Sigma Lithium (NASDAQ:SGML) Price Target Raised to C$27.00 at National Bank Financial

Sigma Lithium (NASDAQ:SGMLGet Rating) had its price target boosted by equities researchers at National Bank Financial from C$26.00 to C$27.00 in a note issued to investors on Thursday, The Fly reports.

SGML has been the topic of a number of other research reports. Canaccord Genuity Group upped their target price on Sigma Lithium from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Wednesday, April 13th. Canaccord Genuity Group upped their target price on Sigma Lithium from $17.00 to $24.00 in a research report on Wednesday, April 6th.

Sigma Lithium stock traded down $0.96 during trading hours on Thursday, reaching $16.09. The stock had a trading volume of 21,129 shares, compared to its average volume of 494,574. The business’s 50 day moving average price is $15.96 and its 200-day moving average price is $12.84. Sigma Lithium has a 52 week low of $4.89 and a 52 week high of $19.99.

Sigma Lithium (NASDAQ:SGMLGet Rating) last announced its earnings results on Friday, April 1st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). On average, equities analysts predict that Sigma Lithium will post -0.17 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in SGML. Potrero Capital Research LLC purchased a new stake in Sigma Lithium in the 1st quarter worth approximately $11,466,000. National Bank of Canada FI acquired a new position in shares of Sigma Lithium during the 4th quarter worth approximately $3,114,000. Waratah Capital Advisors Ltd. raised its stake in shares of Sigma Lithium by 21.9% during the 1st quarter. Waratah Capital Advisors Ltd. now owns 1,264,393 shares of the company’s stock worth $17,301,000 after buying an additional 226,867 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Sigma Lithium during the 4th quarter worth approximately $1,024,000. Finally, BlackRock Inc. acquired a new position in shares of Sigma Lithium during the 1st quarter worth approximately $1,123,000. Institutional investors and hedge funds own 6.58% of the company’s stock.

About Sigma Lithium (Get Rating)

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil.

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