BMO Capital Maintains Outperform Rating for Sigma Lithium: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of Sigma Lithium SGML and lower its price target from $50.00 to $48.00.

Shares of Sigma Lithium are trading down 6.59% over the last 24 hours, at $32.33 per share.

A move to $48.00 would account for a 48.47% increase from the current share price.

About Sigma Lithium

Sigma Lithium Corp is dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium. The company is in construction at its wholly owned Grota do Cirilo Project in Brazil, one of the largest and highest-grade hard rock lithium spodumene deposits in the Americas. It is committed to strong ESG practices and is aiming to be net zero emissions by 2024. Its green-friendly processing plant will use 100% renewable energy, 100% recycled water and 100% dry-stack tailings.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.