Cormark Has Bearish Estimate for Sigma Lithium Q4 Earnings

Sigma Lithium Co. (NASDAQ:SGML) – Cormark cut their Q4 2024 earnings per share estimates for shares of Sigma Lithium in a research note issued to investors on Tuesday, February 25th. Cormark analyst S. Gill now expects that the company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Sigma Lithium’s current full-year earnings is ($0.12) per share. Cormark also issued estimates for Sigma Lithium’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $0.79 EPS.

Separately, Bank of America lowered their price objective on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Sigma Lithium Stock Down 0.7 %

SGML opened at $11.67 on Wednesday. Sigma Lithium has a 1-year low of $8.47 and a 1-year high of $19.20. The stock has a market cap of $1.30 billion, a PE ratio of -24.31 and a beta of 0.22. The stock’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $12.00. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Sigma Lithium

Institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP increased its stake in shares of Sigma Lithium by 113.5% in the 4th quarter. Woodline Partners LP now owns 1,617,673 shares of the company’s stock valued at $18,150,000 after acquiring an additional 859,924 shares in the last quarter. Sourcerock Group LLC grew its holdings in Sigma Lithium by 46.0% in the fourth quarter. Sourcerock Group LLC now owns 1,387,222 shares of the company’s stock worth $15,565,000 after purchasing an additional 437,010 shares during the period. Squarepoint Ops LLC bought a new stake in Sigma Lithium in the fourth quarter valued at $150,000. Point72 Asset Management L.P. raised its holdings in shares of Sigma Lithium by 349.0% during the fourth quarter. Point72 Asset Management L.P. now owns 405,274 shares of the company’s stock valued at $4,547,000 after purchasing an additional 315,008 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sigma Lithium by 1.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,254,882 shares of the company’s stock worth $14,127,000 after purchasing an additional 22,828 shares in the last quarter. 64.86% of the stock is owned by institutional investors and hedge funds.

About Sigma Lithium

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.