U S Global Investors Inc. Buys 7,000 Shares of Sigma Lithium Co. (NASDAQ:SGML)

U S Global Investors Inc. boosted its stake in shares of Sigma Lithium Co. (NASDAQ:SGML) by 233.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. U S Global Investors Inc.’s holdings in Sigma Lithium were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SGML. Appian Way Asset Management LP boosted its holdings in shares of Sigma Lithium by 57.2% in the 3rd quarter. Appian Way Asset Management LP now owns 4,092,401 shares of the company’s stock valued at $50,582,000 after buying an additional 1,488,265 shares in the last quarter. Van ECK Associates Corp boosted its stake in Sigma Lithium by 3.9% in the third quarter. Van ECK Associates Corp now owns 1,248,755 shares of the company’s stock valued at $15,435,000 after acquiring an additional 47,143 shares in the last quarter. Bridgewater Associates LP purchased a new position in Sigma Lithium in the third quarter worth $4,584,000. The Manufacturers Life Insurance Company increased its position in shares of Sigma Lithium by 848.2% during the third quarter. The Manufacturers Life Insurance Company now owns 354,625 shares of the company’s stock worth $4,388,000 after purchasing an additional 317,225 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its holdings in shares of Sigma Lithium by 22.0% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 246,500 shares of the company’s stock valued at $3,047,000 after purchasing an additional 44,400 shares during the last quarter. Hedge funds and other institutional investors own 64.86% of the company’s stock.

Wall Street Analyst Weigh In

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

Sigma Lithium Trading Down 0.7 %

Sigma Lithium stock opened at $11.67 on Friday. Sigma Lithium Co. has a 52 week low of $8.47 and a 52 week high of $19.20. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -24.31 and a beta of 0.22. The stock has a 50-day moving average price of $11.45 and a 200 day moving average price of $12.00.

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.