Sigma Lithium (SGML) Set to Announce Quarterly Earnings on Monday

Sigma Lithium (NASDAQ:SGML - Get Free Report) is set to announce its earnings results before the market opens on Monday, April 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter.

Sigma Lithium Stock Down 0.3 %

NASDAQ:SGML traded down $0.03 during midday trading on Monday, hitting $11.85. 778,856 shares of the company were exchanged, compared to its average volume of 1,449,742. Sigma Lithium has a fifty-two week low of $10.46 and a fifty-two week high of $43.18. The company has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $24.66. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.31 billion, a PE ratio of -16.23 and a beta of 0.33.

Hedge Funds Weigh In On Sigma Lithium

Several hedge funds have recently bought and sold shares of SGML. Quantbot Technologies LP acquired a new stake in shares of Sigma Lithium during the second quarter worth $38,000. Tower Research Capital LLC TRC acquired a new stake in shares of Sigma Lithium during the third quarter worth $101,000. Royal Bank of Canada boosted its holdings in shares of Sigma Lithium by 51.4% during the second quarter. Royal Bank of Canada now owns 4,320 shares of the company's stock worth $174,000 after purchasing an additional 1,467 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Sigma Lithium during the first quarter worth $212,000. Finally, XTX Topco Ltd acquired a new stake in shares of Sigma Lithium during the first quarter worth $231,000. Hedge funds and other institutional investors own 64.86% of the company's stock.

Analysts Set New Price Targets

SGML has been the subject of several research analyst reports. BMO Capital Markets dropped their price objective on Sigma Lithium from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, January 23rd. Bank of America raised their price objective on Sigma Lithium from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, March 18th.

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.