FourThought Financial Partners LLC Buys New Holdings in Sigma Lithium Corporation $SGML

FourThought Financial Partners LLC bought a new stake in Sigma Lithium Corporation (NASDAQ:SGML) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 33,084 shares of the company’s stock, valued at approximately $436,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Sigma Lithium in the fourth quarter valued at approximately $51,000. GF Fund Management CO. LTD. purchased a new stake in Sigma Lithium in the 4th quarter worth approximately $57,000. BTG Pactual Asset Management US LLC purchased a new stake in Sigma Lithium in the 3rd quarter worth approximately $71,000. Quantbot Technologies LP purchased a new stake in Sigma Lithium in the 3rd quarter worth approximately $82,000. Finally, ProShare Advisors LLC purchased a new stake in Sigma Lithium in the 3rd quarter worth approximately $90,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Wall Street Analysts Forecast Growth

SGML has been the topic of a number of recent analyst reports. Canaccord Genuity Group upgraded Sigma Lithium from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded Sigma Lithium from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sigma Lithium in a research note on Friday, March 27th. Finally, Bank of America raised Sigma Lithium from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $17.00 in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.50.

Sigma Lithium Stock Up 1.4%

Shares of SGML opened at $15.55 on Friday. Sigma Lithium Corporation has a 52-week low of $4.25 and a 52-week high of $24.48. The company has a market capitalization of $1.73 billion, a PE ratio of -39.87 and a beta of 0.64. The stock has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $13.28. The company has a quick ratio of 0.14, a current ratio of 0.32 and a debt-to-equity ratio of 0.21.

Sigma Lithium (NASDAQ:SGML) last issued its earnings results on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Sigma Lithium had a negative return on equity of 57.50% and a negative net margin of 41.84%.The business had revenue of $42.34 million during the quarter, compared to the consensus estimate of $42.48 million. As a group, equities analysts forecast that Sigma Lithium Corporation will post 0.92 EPS for the current year.

Sigma Lithium Company Profile

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.