BofA Global Research resumes coverage on Sigma Lithium with 'buy', shares rise

Sigma Lithium

26/08/2025 14:26

** BofA Global Research resumes coverage of Canadian miner Sigma Lithium SGML.O with "buy" and price target of $12

** PT represents 95.12% upside to stock's last close on Monday

** U.S-listed shares of SGML rise 4.7% to $6.44 premarket

** Brokerage resumes coverage as it expects an upside in co's net asset value, as well as price momentum of lithium ore spodumene

** "We stick to assumption that market pricing has bottomed and steadily improves through 2H, following momentum from recent CATL production cut, mining permit deadlines and china's anti-involution drive" - BofA

** Despite some near-term liquidity risk, and assuming the price forecast, SGML's low opex will allow them to survive a troughed market, brokerage adds

** As of last close, SGML shares down 45.2% YTD

 (Reporting by Sumit Saha in Bengaluru)

 ((Sumit.Saha@thomsonreuters.com;))