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 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
Sigma Lithium continued to demonstrate its operational resilience delivering strong financial performance:Production of 68,308t of lithium oxide, above target and 26% higher than 1Q24.CIF China Cash Costs and All-In Sustaining Costs: US$458/t and US$622/t, respectively 8% and 6% better than FY 2025 targets. EBITDA and adjusted EBITDA for non-cash expenses: US$10m and US$11.4m, respectively, representing 21% and 24% EBITDA margins; and a significant 28% increase in revenues compared to 1Q24.The Company was truly honored by the overwhelming positive endorsement received from our communities at Vale do Jequitinhonha, demonstrated by over 2,000 supporters during the public hearings on lithium pr
SÃO PAULO, April 28, 2025 /PRNewswire/ -- Sigma Lithium Corporation (NASDAQ:SGML, BVMF: S2GM34)) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon-neutral, socially and environmentally sustainable lithium concentrate, announces that it will release its financial results for the first quarter ended March 31, 2025 after the market closes on Wednesday, May 14, 2025. The Company will host a conference call to discuss these results on Thursday, May 15, 2025, at 8:00 AM ET. To participate