Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sigma Lithium Co. (NASDAQ:SGML - Free Report) by 23.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 718,536 shares of the company's stock after purchasing an additional 134,389 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.65% of Sigma Lithium worth $22,655,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Sigma Lithium by 0.4% during the second quarter. Geode Capital Management LLC now owns 92,582 shares of the company's stock valued at $3,731,000 after acquiring an additional 342 shares during the last quarter. Activest Wealth Management acquired a new position in Sigma Lithium during the 3rd quarter valued at approximately $35,000. Mariner LLC increased its stake in Sigma Lithium by 21.5% during the 3rd quarter. Mariner LLC now owns 7,501 shares of the company's stock valued at $243,000 after purchasing an additional 1,327 shares in the last quarter. Royal Bank of Canada increased its stake in Sigma Lithium by 51.4% during the 2nd quarter. Royal Bank of Canada now owns 4,320 shares of the company's stock valued at $174,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Barclays PLC increased its stake in Sigma Lithium by 4.8% during the 2nd quarter. Barclays PLC now owns 38,746 shares of the company's stock valued at $1,562,000 after purchasing an additional 1,760 shares in the last quarter. Hedge funds and other institutional investors own 64.86% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SGML. BMO Capital Markets cut their price target on shares of Sigma Lithium from $38.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 27th. Bank of America upped their price target on shares of Sigma Lithium from $27.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, March 18th.
Read Our Latest Research Report on SGML
Sigma Lithium Stock Performance
Shares of NASDAQ:SGML traded up $0.28 during midday trading on Tuesday, reaching $15.42. The company's stock had a trading volume of 1,004,580 shares, compared to its average volume of 1,432,525. The firm has a market capitalization of $1.70 billion, a PE ratio of -20.74 and a beta of 0.29. Sigma Lithium Co. has a twelve month low of $10.46 and a twelve month high of $43.18. The stock has a fifty day moving average of $14.20 and a 200 day moving average of $23.10. The company has a quick ratio of 1.32, a current ratio of 1.54 and a debt-to-equity ratio of 0.02.
Sigma Lithium Company Profile
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Free Report)
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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