Cormark Issues Negative Forecast for Sigma Lithium Earnings

Sigma Lithium Co. (NASDAQ:SGML) – Investment analysts at Cormark dropped their Q4 2024 earnings per share estimates for Sigma Lithium in a report issued on Monday, November 18th. Cormark analyst M. Whale now anticipates that the company will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.14. The consensus estimate for Sigma Lithium’s current full-year earnings is $0.05 per share. Cormark also issued estimates for Sigma Lithium’s Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $0.98 EPS.

Separately, BMO Capital Markets cut their price objective on Sigma Lithium from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, August 19th.

Sigma Lithium Stock Performance

Shares of NASDAQ SGML opened at $13.88 on Wednesday. The stock has a market capitalization of $1.54 billion, a PE ratio of -28.92 and a beta of 0.16. Sigma Lithium has a 52 week low of $8.47 and a 52 week high of $34.31. The stock has a 50 day moving average price of $12.95 and a 200 day moving average price of $12.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.96 and a current ratio of 1.05.

Institutional Trading of Sigma Lithium

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Sigma Lithium in the second quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sigma Lithium in the 2nd quarter valued at about $107,000. Public Employees Retirement System of Ohio bought a new position in Sigma Lithium in the 3rd quarter valued at about $122,000. Y Intercept Hong Kong Ltd acquired a new stake in Sigma Lithium during the third quarter worth approximately $299,000. Finally, Tidal Investments LLC boosted its holdings in shares of Sigma Lithium by 65.9% during the first quarter. Tidal Investments LLC now owns 44,241 shares of the company’s stock worth $573,000 after acquiring an additional 17,566 shares during the period. 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.