Sigma Lithium Co. (SGML) has seen a new stake acquisition by Perpetual Ltd during the third quarter. According to the latest SEC filing, Perpetual Ltd purchased 169,590 shares, valued at approximately $2,096,000, representing 0.15% of the company’s stock.

Other hedge funds also made adjustments to their holdings in Sigma Lithium. Notably, Point72 DIFC Ltd acquired a new position in the second quarter valued at $48,000, while Tidal Investments LLC increased its holdings by 65.9% in the first quarter. As a result, Tidal Investments owns 44,241 shares valued at $573,000.

Sigma Lithium Stock Performance

The stock opened at $13.74, with a market cap of $1.52 billion. It has a 12-month low of $8.47 and a high of $34.31. Sigma Lithium reported earnings on August 15th, showing a net margin of 4.28% and a return on equity of 6.18%.

Analyst Ratings Update

BMO Capital Markets recently updated their target price for Sigma Lithium, decreasing it from $25.00 to $20.00. This update reflects the company’s current market performance and strategic outlook.

About Sigma Lithium

Sigma Lithium Corporation is involved in exploring and developing lithium deposits in Brazil. It holds a 100% interest in several properties in the Araçuaí and Itinga regions of Minas Gerais, Brazil, covering an area of approximately 185 square kilometers.

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