Breakeven On The Horizon For Sigma Lithium Corporation (NASDAQ:SGML) [Yahoo! Finance]
Sigma Lithium Corporation (SGML)
Company Research
Source: Yahoo! Finance
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. On 31 December 2023, the US$1.8b market-cap company posted a loss of CA$38m for its most recent financial year. Many investors are wondering about the rate at which Sigma Lithium will turn a profit, with the big question being “when will the company breakeven?” In this article, we will touch on the expectations for the company's growth and when analysts expect it to become profitable. View our latest analysis for Sigma Lithium According to the 5 industry analysts covering Sigma Lithium, the consensus is that breakeven is near. They expect the company to post a final loss in 2024, before turning a profit of CA$82m in 2025. Therefore, the company is expected to breakeven just over a year from now. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 145%, which is extremely buo
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SGML
News
- Sigma Lithium Co. (NASDAQ: SGML) had its price target raised by analysts at Bank of America Co. from $25.00 to $29.00. They now have a "buy" rating on the stock.MarketBeat
- SIGMA LITHIUM REPORTS 1Q 2024 RESULTS: MAY SHIPMENT PRICED AT $1,290, INCREASED 25% FROM 1Q; PRODUCTION COSTS AT $397/t, 2ND LOWEST IN INDUSTRY [Yahoo! Finance]Yahoo! Finance
- SIGMA LITHIUM REPORTS 1Q 2024 RESULTS: MAY SHIPMENT PRICED AT $1,290, INCREASED 25% FROM 1Q; PRODUCTION COSTS AT $397/t, 2ND LOWEST IN INDUSTRYPR Newswire
- SIGMA LITHIUM TO RELEASE FIRST QUARTER 2024 RESULTS MAY 16, 2024, BEFORE MARKET OPENPR Newswire
- Sigma Lithium boosts mineral reserves at Brazil's Grota do Cirilo [Yahoo! Finance]Yahoo! Finance
SGML
Sec Filings
- 5/16/24 - Form 6-K
- 5/16/24 - Form 6-K
- 5/15/24 - Form 6-K
- SGML's page on the SEC website