Aberdeen Group plc Acquires New Shares in Sigma Lithium Corporation $SGML

Aberdeen Group plc bought a new position in Sigma Lithium Corporation (NASDAQ:SGML) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,517 shares of the company’s stock, valued at approximately $187,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Sigma Lithium during the 1st quarter valued at about $139,000. CenterBook Partners LP raised its position in Sigma Lithium by 3.0% during the first quarter. CenterBook Partners LP now owns 157,982 shares of the company’s stock valued at $1,643,000 after acquiring an additional 4,530 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Sigma Lithium by 9.4% in the first quarter. Goldman Sachs Group Inc. now owns 113,299 shares of the company’s stock valued at $1,178,000 after acquiring an additional 9,748 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Sigma Lithium in the first quarter worth approximately $109,000. Finally, Decade Renewable Partners LP increased its stake in shares of Sigma Lithium by 2.4% during the 1st quarter. Decade Renewable Partners LP now owns 882,621 shares of the company’s stock worth $9,179,000 after purchasing an additional 20,760 shares during the last quarter. 64.86% of the stock is owned by hedge funds and other institutional investors.

Sigma Lithium Stock Down 8.4%

Sigma Lithium stock opened at $6.21 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.60 and a quick ratio of 0.39. Sigma Lithium Corporation has a fifty-two week low of $4.25 and a fifty-two week high of $15.56. The firm has a fifty day moving average price of $6.38 and a two-hundred day moving average price of $6.32. The firm has a market cap of $691.55 million, a price-to-earnings ratio of -14.11 and a beta of 0.08.

Sigma Lithium (NASDAQ:SGML) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.14). Sigma Lithium had a negative net margin of 35.69% and a negative return on equity of 47.19%. The business had revenue of $16.89 million during the quarter, compared to analyst estimates of $50.44 million. As a group, analysts forecast that Sigma Lithium Corporation will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SGML. Cormark raised shares of Sigma Lithium to a “moderate buy” rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sigma Lithium in a research report on Wednesday, October 8th. Bank of America decreased their price target on Sigma Lithium from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Wall Street Zen downgraded Sigma Lithium from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

Sigma Lithium 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.