BMO Capital analyst Joel Jackson maintained a Buy rating on Sigma Lithium (SGML – Research Report) yesterday and set a price target of $50.00. The company’s shares closed yesterday at $34.18.
Jackson covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Albemarle, and CF Holdings. According to TipRanks, Jackson has an average return of 11.2% and a 57.94% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sigma Lithium with a $49.92 average price target.
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The company has a one-year high of $43.18 and a one-year low of $19.12. Currently, Sigma Lithium has an average volume of 618.8K.
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Sigma Lithium Resources Corp is a mineral development company advancing into the production of lithium property in Minas Gerais, Brazil. The company is currently in Phase I production of battery grade spodumene concentrate. The company embraces ESG principles. It holds interest in Grota do Cirilo project in Brazil.
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