Cormark Predicts Sigma Lithium’s Q4 Earnings (NASDAQ:SGML)

Sigma Lithium Co. (NASDAQ:SGML) – Analysts at Cormark dropped 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 per share of $0.06 for the quarter, down from their prior 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 cut their price target on shares of Sigma Lithium from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th.

Sigma Lithium Price Performance

SGML stock opened at $11.70 on Wednesday. Sigma Lithium has a one year low of $8.47 and a one year high of $19.20. The firm has a 50-day moving average of $11.43 and a two-hundred day moving average of $12.00. The firm has a market capitalization of $1.30 billion, a PE ratio of -24.37 and a beta of 0.22. The company has a current ratio of 0.84, a quick ratio of 0.72 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SGML. Aquatic Capital Management LLC purchased a new stake in Sigma Lithium in the 4th quarter worth about $27,000. U S Global Investors Inc. grew its stake in Sigma Lithium by 233.3% during the 4th quarter. U S Global Investors Inc. now owns 10,000 shares of the company’s stock valued at $112,000 after acquiring an additional 7,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Sigma Lithium in the 3rd quarter valued at about $122,000. Pictet Asset Management Holding SA acquired a new position in shares of Sigma Lithium in the 4th quarter valued at about $142,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Sigma Lithium in the fourth quarter worth approximately $150,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.

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.