BofA analyst Rock Hoffman raised the firm’s price target on Sigma Lithium (SGML) to $14 from $13 and keeps an Underperform rating on the shares following an operational update that the firm calls “non-consequential” and “non-incremental to our thesis.” An equity raise may still be possible, even if dilutive, adds the analyst.
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Read More on SGML:
- Sigma Lithium: Buy Rating Backed by Operational Restart Progress, Tailings Monetization, and Stronger Lithium Pricing
- Sigma Lithium Sells 100,000t of Lithium Fines, Ramps Up Mine Remobilization and Adds Ex-Minister to Board
- BofA downgrades Sigma Lithium to Underperform on operational, liquidity issues
- Sigma Lithium downgraded to Underperform from Neutral at BofA
- Sigma Lithium call volume above normal and directionally bullish