Streetbeat News

SGML

Sigma Lithium Corporation

https://www.sigmalithiumresources.com

Industry

Industrial Materials

Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. The company was formerly known as Sigma Lithium Resources Corporation and changed its name to Sigma Lithium Corporation in July 2021. Sigma Lithium Corporation is headquartered in São Paulo, Brazil.

Open

12.57

Mkt cap

1.4B

Volume

428K

High

12.90

P/E Ratio

115.27

52-wk high

34.30

Low

12.41

Div yield

N/A

52-wk low

8.47

Lithium company shares are declining due to a rise in lithium prices, following the production halt at Contemporary Amperex Technology's lepidolite mine in China.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 12:19 pm

BMO Capital analyst Joel Jackson maintains an Outperform rating on Sigma Lithium (NASDAQ:SGML) but lowers the price target from $25 to $20.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 2:31 pm

Sigma Lithium expects to produce 60,000 tons of 5.0 Green Lithium in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:41 am

Sigma Lithium reported its Q2 2024 financial results, missing both earnings and sales estimates. The company posted a GAAP EPS of C$0.13, falling short of the C$0.20 estimate, and sales of C$62.857 million, missing the C$93.394 million estimate.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 8:37 am

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising by around 350 points. Cisco Systems, Inc. (NASDAQ:CSCO) led the charge with an 8.4% increase following better-than-expected earnings. Other notable gainers included AST SpaceMobile, Inc. (NASDAQ:ASTS), Gambling.com Group Limited (NASDAQ:GAMB), and Ulta Beauty, Inc. (NASDAQ:ULTA), among others.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 2:46 pm

Sigma Lithium Corporation (NASDAQ:SGML) has secured a $22.4 million low-interest export financing deal with Banco do Brasil. This financing will help Sigma reduce its recurring interest expenses and improve its competitiveness.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 9:05 am

Sigma Lithium Corporation (NASDAQ:SGML) has completed the sale of its 10th shipment of 22,000t of Quintuple Zero Green Lithium at a premium price of 8.75% of LME Lithium Hydroxide. This shipment will be sent in early July, marking 11 months of consistent operations.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 12:05 pm

Shares of lithium stocks are trading higher amid possible sympathy with Albemarle after the company announced it plans more lithium auctions to boost market transparency.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:41 pm

Jim Cramer shared his views on several stocks during CNBC's 'Mad Money Lightning Round.' He praised Arista Networks (ANET) for its strong earnings and stock repurchase program, but noted the volatility. Trump Media & Technology Group (DJT) was described as highly volatile, with a significant quarterly loss. Sony (SONY) was favored despite takeover rumors, and Sigma Lithium (SGML) was deemed 'too dicey.' Eli Lilly (LLY) received a positive mention, with approval of its diabetes drug in China.

Portfolio Pulse from Avi Kapoor

May 24, 2024 | 1:11 pm

B of A Securities has maintained a Buy rating on Sigma Lithium (NASDAQ:SGML) and raised the price target from $25 to $29.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 10:33 am

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