Van ECK Associates Corp Has $13.71 Million Position in Sigma Lithium Co. (NASDAQ:SGML)

Van ECK Associates Corp increased its position in Sigma Lithium Co. (NASDAQ:SGML) by 47.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,057,916 shares of the company’s stock after buying an additional 338,380 shares during the period. Van ECK Associates Corp owned 0.96% of Sigma Lithium worth $13,711,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SGML. Citigroup Inc. acquired a new stake in shares of Sigma Lithium in the 3rd quarter valued at about $423,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Sigma Lithium in the 3rd quarter valued at about $3,484,000. Alps Advisors Inc. lifted its position in Sigma Lithium by 54.7% in the 3rd quarter. Alps Advisors Inc. now owns 8,778 shares of the company’s stock valued at $285,000 after acquiring an additional 3,104 shares in the last quarter. Capricorn Fund Managers Ltd lifted its position in Sigma Lithium by 5.4% in the 4th quarter. Capricorn Fund Managers Ltd now owns 83,800 shares of the company’s stock valued at $2,642,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Inscription Capital LLC lifted its position in Sigma Lithium by 110.5% in the 4th quarter. Inscription Capital LLC now owns 20,000 shares of the company’s stock valued at $631,000 after acquiring an additional 10,500 shares in the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

Sigma Lithium Trading Down 0.4 %

Shares of Sigma Lithium stock traded down $0.05 during mid-day trading on Friday, hitting $12.37. 282,061 shares of the stock were exchanged, compared to its average volume of 1,142,772. Sigma Lithium Co. has a 12 month low of $10.46 and a 12 month high of $41.90. The company has a 50-day simple moving average of $14.76 and a 200 day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.98.

Sigma Lithium (NASDAQ:SGML) last posted its earnings results on Wednesday, May 15th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The business had revenue of $37.39 million for the quarter, compared to analysts’ expectations of $57.79 million. On average, sell-side analysts forecast that Sigma Lithium Co. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on SGML. BMO Capital Markets dropped their price target on shares of Sigma Lithium from $38.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 27th. Bank of America raised their price target on shares of Sigma Lithium from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, May 20th.

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.