Legal & General Group Plc bought a new stake in shares of Sigma Lithium Corporation (NASDAQ:SGML - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 260,696 shares of the company's stock, valued at approximately $3,285,000. Legal & General Group Plc owned 0.23% of Sigma Lithium as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the company. Woodline Partners LP lifted its stake in shares of Sigma Lithium by 26.6% in the third quarter. Woodline Partners LP now owns 2,964,909 shares of the company's stock worth $19,005,000 after acquiring an additional 623,832 shares in the last quarter. BlackRock Inc. purchased a new stake in Sigma Lithium during the 2nd quarter worth approximately $29,727,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sigma Lithium by 24.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,550,713 shares of the company's stock valued at $7,091,000 after purchasing an additional 309,338 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Sigma Lithium by 23.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 1,498,133 shares of the company's stock valued at $18,951,000 after buying an additional 282,595 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Sigma Lithium by 42.3% during the third quarter. Invesco Ltd. now owns 1,280,443 shares of the company's stock worth $8,208,000 after buying an additional 380,498 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Sigma Lithium from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 19th. Weiss Ratings lowered Sigma Lithium from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 13th. Finally, Wall Street Zen downgraded Sigma Lithium from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.50.
Check Out Our Latest Report on Sigma Lithium
Sigma Lithium Stock Performance
Shares of SGML opened at $12.39 on Friday. Sigma Lithium Corporation has a 52-week low of $4.61 and a 52-week high of $24.48. The firm has a market capitalization of $1.39 billion, a PE ratio of -51.62 and a beta of 0.64. The firm has a 50-day moving average price of $11.38 and a 200 day moving average price of $13.83. The company has a quick ratio of 0.25, a current ratio of 0.34 and a debt-to-equity ratio of 1.25.
Sigma Lithium (NASDAQ:SGML - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.25). The company had revenue of $54.70 million during the quarter, compared to analyst estimates of $68.34 million. Sigma Lithium had a negative return on equity of 37.40% and a negative net margin of 19.36%. On average, sell-side analysts anticipate that Sigma Lithium Corporation will post 0.45 earnings per share for the current fiscal year.
About Sigma Lithium
(
Free Report)
Sigma Lithium Corp. is a Canada-based mineral exploration and development company focused on the sustainable production of battery-grade lithium from hard rock deposits. The company’s flagship asset is the Grota do Cirilo lithium project, located in the state of Minas Gerais, Brazil. Grota do Cirilo comprises a fully permitted, low-altitude spodumene mine and processing plant designed to produce high-purity lithium concentrate and downstream lithium hydroxide for the global electric vehicle and energy storage markets.
Since its founding in 2018, Sigma Lithium has pursued a vertically integrated approach, overseeing each stage of production from ore extraction and beneficiation to chemical conversion.
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