Bank of America Securities analyst Matthew DeYoe reiterated a Buy rating on Sigma Lithium (SGML – Research Report) on September 1 and set a price target of $42.00. The company’s shares closed last Friday at $31.82.
DeYoe covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and TRONOX. According to TipRanks, DeYoe has an average return of 14.0% and a 58.54% success rate on recommended stocks.
Sigma Lithium has an analyst consensus of Strong Buy, with a price target consensus of $49.09.
See the top stocks recommended by analysts >>
SGML market cap is currently $3.48B and has a P/E ratio of -26.42.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on SGML:
