Sigma Lithium price target lowered to $16 from $25 at BofA

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now

TipRanks

Wed, Jan 15, 2025, 6:16 AM 1 min read

BofA lowered the firm’s price target on Sigma Lithium (SGML) to $16 from $25 and keeps a Buy rating on the shares. The firm has lowered its price recovery expectations for 2025 given that it sees oversupply increasing further in 2025, “minimal industry discipline,” and inventory levels remaining stagnant. However, with $1.17/kg realized price expected in 2026 and low-cost operations, the firm remains “bullish on Sigma profit outlook, particularly post-2025,” the analyst added.

Stay Ahead of the Market:

Discover outperforming stocks and invest smarter with Top Smart Score Stocks
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on SGML: