FY2024 Earnings Forecast for Sigma Lithium Issued By Cormark

Sigma Lithium Co. (NASDAQ:SGML) – Investment analysts at Cormark reduced their FY2024 earnings estimates for shares of Sigma Lithium in a research report issued to clients and investors on Monday, November 18th. Cormark analyst M. Whale now expects that the company will post earnings of ($0.12) per share for the year, down from their previous estimate of $0.05. The consensus estimate for Sigma Lithium’s current full-year earnings is $0.05 per share. Cormark also issued estimates for Sigma Lithium’s Q1 2025 earnings at $0.19 EPS and Q2 2025 earnings at $0.19 EPS.

Separately, BMO Capital Markets reduced their price target on shares of Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th.

Sigma Lithium Price Performance

Sigma Lithium stock opened at $13.95 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.96 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.55 billion, a P/E ratio of -28.96 and a beta of 0.16. The company has a 50-day moving average price of $13.20 and a 200 day moving average price of $12.79. Sigma Lithium has a 12-month low of $8.47 and a 12-month high of $34.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SGML. Point72 DIFC Ltd acquired a new position in shares of Sigma Lithium in the second quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sigma Lithium in the second quarter worth $107,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Sigma Lithium during the third quarter worth $122,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sigma Lithium in the third quarter valued at $299,000. Finally, Tidal Investments LLC boosted its holdings in Sigma Lithium by 65.9% in the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock valued at $573,000 after purchasing an additional 17,566 shares during the period. 64.86% of the stock is currently owned by hedge funds and other institutional investors.

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.