BofA Securities resumed coverage on Sigma Lithium with a new price target
$SGML
Metal Mining
Basic Materials
BofA Securities resumed coverage of Sigma Lithium with a rating of Buy and set a new price target of $37.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $37.00 | Buy | BofA Securities |
| 4/18/2023 | Speculative Buy → Buy | Canaccord Genuity | |
| 1/20/2023 | Outperform | BMO Capital Markets | |
| 1/6/2022 | Buy | B of A Securities | |
| 1/6/2022 | $14.00 | Buy | BofA Securities |
HIGHLIGHTS Achieved 68,368t of lithium oxide concentrate in 2Q25, a 38% year-on-year increase and slightly above the quarterly target of 67,500t.Maintained cost under control and below the target over previous quarter driven by economies of scale, stable plant gate costs, and efficient logistics:CIF China cash operating costs of $442/t in 2Q25, 12% below target of $500/t. All-in sustaining cash costs (AISC) totaled $594/t in 2Q25, 10% below target of $660/t. Reported gross sales revenue – lithium oxide concentrate of $21.1 million, 60.3% decrease compared to 2Q24, reflecting a deliberate strategy to withhold product during intense price volatility, preserving pricing power and protecting lon
HIGHLIGHTS Sigma Lithium announces a consolidation of its core leadership roles, as it evolved into one of the world's major "pure-play" lithium producers, on track to produce 270,000t in 2025.Sigma Lithium strengthened its leadership by streamlining the organization into seven core areas reporting to CEO Ana Cabral, enhancing coordination and operational focus across the Company.Each area is being led by veteran Vice Presidents: (i) Industrial & Mining, (ii) Environmental & Social, (iii) Legal, (iv) Commercial, (v) Institutional & Foreign Affairs (Co-Heads), who remain under their current Vice Presidents. (vi) Finance & Administration and (vii) Investor Relations & Global Banking were reorg
HIGHLIGHTS Reported net income of $4.7 million or $0.04 per share.Strong margins in 1Q25: reflecting profitability and operational efficiency. Cash gross margin of 35%. EBITDA Margin of 21%. Adjusted EBITDA margin of 24%.Achieved on target quarterly production of lithium concentrate in 1Q25:Production volumes of over 68,300t, 26% increase y/y, and Sales volumes of over 61,500t, 17% increase y/y. Achieved better than target quarterly costs:CIF China cash operating costs of $458/t in 1Q25, 8% below target of $500/t. All-in sustaining cash costs (AISC) totaled $622/t in 1Q25, 6% below target of $660/t. Maintains 100% uncommitted production: unlocking significant financing potential:Prepayment a
BofA Securities resumed coverage of Sigma Lithium with a rating of Buy and set a new price target of $37.00
Canaccord Genuity upgraded Sigma Lithium from Speculative Buy to Buy
BMO Capital Markets initiated coverage of Sigma Lithium with a rating of Outperform
6-K - Sigma Lithium Corp (0001848309) (Filer)
6-K - Sigma Lithium Corp (0001848309) (Filer)
6-K - Sigma Lithium Corp (0001848309) (Filer)
HIGHLIGHTS Achieved 68,368t of lithium oxide concentrate in 2Q25, a 38% year-on-year increase and slightly above the quarterly target of 67,500t.Maintained cost under control and below the target over previous quarter driven by economies of scale, stable plant gate costs, and efficient logistics:CIF China cash operating costs of $442/t in 2Q25, 12% below target of $500/t. All-in sustaining cash costs (AISC) totaled $594/t in 2Q25, 10% below target of $660/t. Reported gross sales revenue – lithium oxide concentrate of $21.1 million, 60.3% decrease compared to 2Q24, reflecting a deliberate strategy to withhold product during intense price volatility, preserving pricing power and protecting lon
HIGHLIGHTS Sigma Lithium announces a consolidation of its core leadership roles, as it evolved into one of the world's major "pure-play" lithium producers, on track to produce 270,000t in 2025.Sigma Lithium strengthened its leadership by streamlining the organization into seven core areas reporting to CEO Ana Cabral, enhancing coordination and operational focus across the Company.Each area is being led by veteran Vice Presidents: (i) Industrial & Mining, (ii) Environmental & Social, (iii) Legal, (iv) Commercial, (v) Institutional & Foreign Affairs (Co-Heads), who remain under their current Vice Presidents. (vi) Finance & Administration and (vii) Investor Relations & Global Banking were reorg
HIGHLIGHTS Reported net income of $4.7 million or $0.04 per share.Strong margins in 1Q25: reflecting profitability and operational efficiency. Cash gross margin of 35%. EBITDA Margin of 21%. Adjusted EBITDA margin of 24%.Achieved on target quarterly production of lithium concentrate in 1Q25:Production volumes of over 68,300t, 26% increase y/y, and Sales volumes of over 61,500t, 17% increase y/y. Achieved better than target quarterly costs:CIF China cash operating costs of $458/t in 1Q25, 8% below target of $500/t. All-in sustaining cash costs (AISC) totaled $622/t in 1Q25, 6% below target of $660/t. Maintains 100% uncommitted production: unlocking significant financing potential:Prepayment a
HIGHLIGHTS Sigma Lithium maintains the operational consistency of a seasoned producer, shipping its 12th vessel of Quintuple Zero Green Lithium to Mitsubishi.This is Sigma Lithium's second sale to Mitsubishi, a large industrial and trading conglomerate ("keiretsu") headquartered in Japan.Sigma Lithium remains on track to deliver its 3Q production target of 60,000 tonnes of Quintuple Zero Green Lithium.Sigma Lithium has appointed Rogerio Marchini as Executive Vice President of Corporate Finance and Chief Financial Officer, bolstering the Company's finance team.SÃO PAULO, Brazil, Sept. 16, 2024 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ:SGML, BVMF: S2G
HIGHLIGHTS Sigma Lithium is honored to welcome Eugenio de Zagottis as its third independent director, elected at the AGSM with an overwhelming majority of 99%.Mr. Zagottis is a renowned businessman in Brazil who was instrumental in building Raia Drogasil healthcare from a small private company in 2008 into the largest Latin American drug retailer and one of the 15 largest in the world.The AGSM Elected the directors of the Company for the ensuing year, to hold office until the next annual meeting of shareholders. The current board composition diversifies the skillset of its members, supporting the Company as we double our business, as follows:Alex Rodrigues (Environmental and Social), Ana Ca
FUTURE INVESTMENTS INITIATIVES Sigma Lithium was honored to join a delegation from Saudi Arabia, the President of Brazil, the Governor and Mayor of Rio de Janeiro and business leaders at Saudi Arabia's Future Investments Initiatives Priority Summit held in Rio de Janeiro, ahead of the 2024 G20 summit in Brazil.Under the theme "Invest in Dignity," Saudi Arabia's first flagship summit in Brazil explored investing in the energy transition, technology, and how social inclusion can build a global order that prioritizes dignity for all.Sigma Lithium's Vice President of Institutional Relationships and Government Affairs, Ligia Pinto, co-chaired a discussion conclave with Saudi Aramco on "Tran
SC 13G/A - Sigma Lithium Corp (0001848309) (Subject)
SC 13G - Sigma Lithium Corp (0001848309) (Subject)
SC 13G/A - Sigma Lithium Corp (0001848309) (Subject)