Sigma Lithium (NASDAQ:SGML) Price Target Lowered to $30.00 at BMO Capital Markets

Sigma Lithium (NASDAQ:SGML) had its price objective decreased by BMO Capital Markets from $38.00 to $30.00 in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. BMO Capital Markets currently has an outperform rating on the stock.

Separately, Bank of America boosted their price target on Sigma Lithium from $27.00 to $29.00 and gave the stock a buy rating in a research report on Monday, March 18th.

Sigma Lithium Price Performance

NASDAQ SGML opened at $12.16 on Wednesday. The company has a market cap of $1.34 billion, a PE ratio of -16.66 and a beta of 0.33. The firm’s 50 day moving average price is $15.66 and its 200-day moving average price is $24.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.54. Sigma Lithium has a 52-week low of $10.46 and a 52-week high of $43.18.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Sigma Lithium by 5.9% in the fourth quarter. Vanguard Group Inc. now owns 53,124 shares of the company’s stock valued at $1,675,000 after acquiring an additional 2,939 shares in the last quarter. Electron Capital Partners LLC purchased a new stake in shares of Sigma Lithium during the 4th quarter valued at $69,703,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Sigma Lithium in the 4th quarter worth $205,000. Gotham Asset Management LLC purchased a new position in Sigma Lithium during the 4th quarter worth $531,000. Finally, Cantor Fitzgerald L. P. acquired a new position in Sigma Lithium during the 4th quarter valued at about $1,548,000. Institutional investors own 64.86% of the company’s stock.

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.