Bank Julius Baer & Co. Ltd Zurich Raises Position in Sigma Lithium Co. (NASDAQ:SGML)

Bank Julius Baer & Co. Ltd Zurich increased its position in Sigma Lithium Co. (NASDAQ:SGML) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 647,882 shares of the company’s stock after buying an additional 4,003 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.59% of Sigma Lithium worth $20,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SGML. Principal Financial Group Inc. purchased a new position in shares of Sigma Lithium in the 3rd quarter worth $9,605,000. Nucleo Capital LTDA. grew its stake in shares of Sigma Lithium by 10.5% during the third quarter. Nucleo Capital LTDA. now owns 2,796,227 shares of the company’s stock valued at $90,710,000 after acquiring an additional 266,298 shares in the last quarter. Old West Investment Management LLC grew its stake in shares of Sigma Lithium by 1,053.8% during the third quarter. Old West Investment Management LLC now owns 150,000 shares of the company’s stock valued at $4,866,000 after acquiring an additional 137,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Sigma Lithium by 23.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 718,536 shares of the company’s stock valued at $22,655,000 after acquiring an additional 134,389 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sigma Lithium during the third quarter valued at about $3,484,000. 64.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SGML. Bank of America raised their target price on Sigma Lithium from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, March 18th. BMO Capital Markets lowered their target price on Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, March 27th.

Sigma Lithium Stock Up 2.0 %

NASDAQ:SGML traded up $0.28 during mid-day trading on Friday, reaching $14.33. The stock had a trading volume of 524,013 shares, compared to its average volume of 1,317,995. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -19.25 and a beta of 0.29. Sigma Lithium Co. has a 1-year low of $10.46 and a 1-year high of $43.18. The stock’s 50 day simple moving average is $13.76 and its two-hundred day simple moving average is $21.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.54 and a quick ratio of 1.32.

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.