5 Cheap Lithium Stocks To Buy According To Analysts

Page 1 of 5

In this article, we discuss 5 cheap lithium stocks to buy according to analysts. If you want to see more stocks in this selection, check out 10 Cheap Lithium Stocks To Buy According To Analysts

5. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 8

Upside Potential as of January 27: 47.41%

Average Price Target Based on Analyst Ratings: $45.24

Sigma Lithium Corporation (NASDAQ:SGML) is a Canadian mineral development company engaged in the exploration and development of lithium deposits in Brazil. It is one of the best battery stocks to monitor. On December 5, Sigma Lithium Corporation (NASDAQ:SGML) announced that it aims to nearly triple its planned production of battery grade lithium concentrate to approximately 100,000 metric tons per year of lithium carbonate equivalent by 2024 following results from a study at its Grota do Cirilo project in Brazil. 

On January 19, BMO Capital analyst Joel Jackson initiated coverage of Sigma Lithium Corporation (NASDAQ:SGML) with an Outperform rating and a $40 price target. The stock has already performed well due to increasing interest in electric vehicles, but the analyst believes there is still potential for growth as Sigma becomes a larger producer by the middle of 2023 and becomes a more appealing acquisition target.

According to Insider Monkey’s Q3 data, 8 hedge funds were long Sigma Lithium Corporation (NASDAQ:SGML), compared to 3 funds in the prior quarter. Jack Ripsteen’s Potrero Capital Research is the largest stakeholder of the company, with 596,930 shares worth $16.2 million. 

Follow Sigma Lithium Corporation


Page 1 of 5