The company could get its lithium mine operational in time to take advantage of high prices.
Sigma Lithium has more room to run even after already surging more than 100% in 2022, according to Bank of America. Analyst Matthew DeYoe, who has a buy rating on the stock, hiked his price target on Sigma to $37 per share. That's 28% above Wednesday's close of $28.87. Sigma Lithium is "moving into the most critical three months" of construction on its Xuxa lithium project in Brazil, the analyst said.
According to Benchmark , a firm that tracks lithium prices, the commodity's value is up more than 300% over the past year and 122% in 2022. Sigma's stock value has followed lithium higher. Shares of the lithium company have more than doubled this year, and they have soared more than 200% over the past 12 months. Despite these sharp gains, DeYoe thinks the stock can keep going higher.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Mytheresa Notches Double-Digit GMV Gains, Strong Profits in Q4, and Full Fiscal 2022Online luxury retailer mytheresa_com sees itself as 'one of the few winners in the clearly consolidating luxury e-commerce space.'
Les mer »
SoFi sees 'light at the end of the tunnel' on student loans, analyst says in upgradeSoFi Technologies Inc.'s stock powered more than 5% higher in Wednesday's session as Bank of America turned bullish on the neobanking company's shares.
Les mer »
Forex Today: Persistent US Inflation Boosts Dollar, Sinks StUS CPI Data Higher Than Expected; US Dollar Gains Strongly; 2-Year Treasury Yields Exceed 3.8%; Bank of Japan Signals Intervention.
Les mer »
Pokémon TCG Value Watch: Fusion Strike In September 2022PokemonTCG Value Watch: FusionStrike in September 2022 shows the Gengar and Espeon Alternate Arts gain significant value this month. Pokemon
Les mer »
Police: Two men injured after a South Philadelphia double shootingPolice say a man is injured after being shot multiple times in South Philadelphia Tuesday evening,
Les mer »