Sigma Lithium Co. (NASDAQ:SGML – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.98, but opened at $13.57. Sigma Lithium shares last traded at $13.49, with a volume of 129,728 shares trading hands.
Wall Street Analysts Forecast Growth
SGML has been the subject of a number of analyst reports. Bank of America lifted their price target on Sigma Lithium from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets cut their target price on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 27th.
Read Our Latest Stock Report on SGML
Sigma Lithium Stock Performance
Institutional Investors Weigh In On Sigma Lithium
A number of institutional investors have recently added to or reduced their stakes in SGML. PenderFund Capital Management Ltd. purchased a new position in shares of Sigma Lithium in the 4th quarter worth approximately $32,000. Quantbot Technologies LP purchased a new position in Sigma Lithium in the second quarter worth $38,000. Canton Hathaway LLC bought a new position in Sigma Lithium in the 4th quarter valued at $60,000. Tower Research Capital LLC TRC purchased a new stake in shares of Sigma Lithium during the 3rd quarter valued at $101,000. Finally, Royal Bank of Canada raised its stake in shares of Sigma Lithium by 51.4% during the 2nd quarter. Royal Bank of Canada now owns 4,320 shares of the company’s stock worth $174,000 after purchasing an additional 1,467 shares during the period. 64.86% of the stock is owned by institutional investors.
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.
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