We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SIGMA LITHIUM (SGML) Surges 29.9%: Is This an Indication of Further Gains?
Read MoreHide Full Article
Sigma Lithium Corporation (SGML - Free Report) shares rallied 29.9% in the last trading session to close at $16.37. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.2% loss over the past four weeks.
Shares of Sigma Lithium surged after the company updated its production guidance to reflect ongoing operational optimization and mining scale-up. It now expects 12-month annualized forward production of 240,000 tonnes and 24-month annualized forward production of 520,000 tonnes.
This company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -50%. Revenues are expected to be $35.9 million, down 25.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For SIGMA LITHIUM, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SGML going forward to see if this recent jump can turn into more strength down the road.
SIGMA LITHIUM is a member of the Zacks Mining - Miscellaneous industry. One other stock in the same industry, McEwen (MUX - Free Report) , finished the last trading session 0.4% higher at $27.09. MUX has returned -3.6% over the past month.
McEwen's consensus EPS estimate for the upcoming report has changed +30% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of +266.7%. McEwen currently boasts a Zacks Rank of #2 (Buy).
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
SIGMA LITHIUM (SGML) Surges 29.9%: Is This an Indication of Further Gains?
Sigma Lithium Corporation (SGML - Free Report) shares rallied 29.9% in the last trading session to close at $16.37. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7.2% loss over the past four weeks.
Shares of Sigma Lithium surged after the company updated its production guidance to reflect ongoing operational optimization and mining scale-up. It now expects 12-month annualized forward production of 240,000 tonnes and 24-month annualized forward production of 520,000 tonnes.
This company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -50%. Revenues are expected to be $35.9 million, down 25.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For SIGMA LITHIUM, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SGML going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
SIGMA LITHIUM is a member of the Zacks Mining - Miscellaneous industry. One other stock in the same industry, McEwen (MUX - Free Report) , finished the last trading session 0.4% higher at $27.09. MUX has returned -3.6% over the past month.
McEwen's consensus EPS estimate for the upcoming report has changed +30% over the past month to $0.25. Compared to the company's year-ago EPS, this represents a change of +266.7%. McEwen currently boasts a Zacks Rank of #2 (Buy).