Van ECK Associates Corp Sells 59,785 Shares of Sigma Lithium Co. (NASDAQ:SGML)

Van ECK Associates Corp lessened its position in Sigma Lithium Co. (NASDAQ:SGML) by 4.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,188,970 shares of the company’s stock after selling 59,785 shares during the quarter. Van ECK Associates Corp’s holdings in Sigma Lithium were worth $13,341,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SGML. Tidal Investments LLC boosted its position in Sigma Lithium by 43.4% in the third quarter. Tidal Investments LLC now owns 63,422 shares of the company’s stock valued at $784,000 after buying an additional 19,193 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sigma Lithium by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 117,125 shares of the company’s stock worth $1,448,000 after acquiring an additional 9,049 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Sigma Lithium during the 3rd quarter worth approximately $122,000. Y Intercept Hong Kong Ltd acquired a new stake in Sigma Lithium during the 3rd quarter valued at $299,000. Finally, State Street Corp bought a new position in Sigma Lithium in the 3rd quarter valued at $1,831,000. Institutional investors own 64.86% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America lowered their target price on Sigma Lithium from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th.

Sigma Lithium Price Performance

SGML opened at $11.29 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.84 and a quick ratio of 0.72. The stock has a market capitalization of $1.26 billion, a P/E ratio of -23.52 and a beta of 0.22. The company’s 50 day simple moving average is $11.51 and its 200-day simple moving average is $11.89. Sigma Lithium Co. has a one year low of $8.47 and a one year high of $19.20.

Sigma Lithium Company 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.