Sigma Lithium falls after BofA downgrades to 'underperform'

Southern

08/01/2026 13:52

** U.S.-listed shares of Canadian miner Sigma Lithium SGML.O SGML.V down 5.3% at $14.83 premarket

** BofA Global Research cuts rating to "underperform" from "neutral" citing unresolved operational and liquidity issues

** Says no clarity on resumption of mining or receipt of cash from prepayments

** "Even assuming a mid-January restart... it would likely take a several months to reach meaningful volumes, limiting material sales in 1Q26" - Brokerage

** Adds that bigger concern is SGML still has to pay regular bills without an operating mine

** In 2025, stock was up 17.5%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))