BofA Keeps an Underperform Rating on Sigma Lithium Corporation (SGML)

Sigma Lithium Corporation (NASDAQ:SGML) is among the 7 Best Lithium and Battery Stocks to Buy Right Now.

BofA Keeps an Underperform Rating on Sigma Lithium Corporation (SGML)

TheFly reported on January 15, 2026, that BofA kept its Underperform rating. It lifted the price goal for Sigma Lithium Corporation (NASDAQ:SGML) from $13 to $14. The analyst pointed out that an equity raising might still happen, even if it is dilutive. It characterized the recent operational update as insignificant and “non-incremental to our thesis.”

Separately, Canaccord reduced Sigma Lithium Corporation (NASDAQ:SGML) to Hold from Buy on January 16, 2026. It raised its price target to C$20.50 from C$14 as part of a Q4 outlook. The company amended its price deck for 2026 and 2027, which led to an average target price rise of 30%. The company’s inability to use its waste piles and the uncertainties surrounding the resumption of mining on the site are reflected in the rating.

Sigma Lithium Corporation (NASDAQ:SGML)’s net revenue rose by 69% quarter over quarter and 36% YoY in the most recent quarter. This was due to its commercial partnerships with clients and reliance on their balance sheets, which allowed it to effectively manage changes in the price of lithium.

Sigma Lithium Corporation (NASDAQ:SGML) is a commercial manufacturer of lithium concentrate.

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Disclosure: None. This article is originally published at Insider Monkey.