BMO Capital Maintains Outperform Rating for Sigma Lithium: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for Sigma Lithium (NASDAQ:SGML) but lowered its price target from $50.00 to $48.00. Sigma Lithium's shares are currently trading down 6.59% at $32.33 per share. A move to $48.00 would represent a 48.47% increase from the current share price. Sigma Lithium is a company focused on powering electric vehicle batteries with sustainable and high-purity lithium.
September 06, 2023 | 5:00 pm
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Sigma Lithium's Outperform rating has been maintained by BMO Capital, but the price target has been lowered from $50.00 to $48.00. The company's shares are currently trading down 6.59% at $32.33.
The lowering of the price target by BMO Capital could negatively impact investor sentiment, leading to a potential short-term decrease in Sigma Lithium's stock price. However, the maintained Outperform rating indicates that BMO Capital still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100