Cormark Brokers Reduce Earnings Estimates for Sigma Lithium

Sigma Lithium Co. (NASDAQ:SGML) – Equities researchers at Cormark decreased their FY2024 earnings per share estimates for shares of Sigma Lithium in a research 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 prior estimate 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 cut their price objective on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, August 19th.

Sigma Lithium Trading Up 1.3 %

NASDAQ SGML opened at $14.65 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. Sigma Lithium has a twelve month low of $8.47 and a twelve month high of $34.31. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -29.67 and a beta of 0.16. The business’s fifty day moving average is $13.12 and its 200 day moving average is $12.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SGML. 1832 Asset Management L.P. raised its position in shares of Sigma Lithium by 43.3% in the 1st quarter. 1832 Asset Management L.P. now owns 382,000 shares of the company’s stock worth $4,951,000 after acquiring an additional 115,438 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Sigma Lithium in the 2nd quarter worth approximately $672,000. Perpetual Ltd purchased a new position in shares of Sigma Lithium in the 3rd quarter worth approximately $2,096,000. Fourth Sail Capital LP boosted its stake in shares of Sigma Lithium by 1,572.2% in the 2nd 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 last quarter. Finally, Millennium Management LLC boosted its stake in shares of Sigma Lithium by 16.9% in the 2nd quarter. Millennium Management LLC now owns 1,243,579 shares of the company’s stock worth $14,960,000 after buying an additional 179,355 shares during the last quarter. 64.86% of the stock is owned by institutional investors.

Sigma Lithium Company Profile

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.