Sigma Lithium Corp. (SGML) PT Raised to $20 at BMO Capital
BMO Capital analyst Joel Jackson raised the price target on Sigma Lithium Corp. (NASDAQ: SGML) to $20.00 (from $18.00) while maintaining an Outperform rating.
The analyst commented: "Don't Love the Update, but Trending in Right Direction Amid Stronger Backdrop; Reiterate Outperform rating, but raise target price to US$20 on higher 2026/27E estimates. This is on slightly lower 2026E volumes and higher costs (stripping, diesel, FX), but a higher spodumene price deck, now assuming a walk-down from ~$2k/t spot benchmark prices to ~$1.3k/t (~$1.2k/t for SGML ASP) by 2027E-end versus 2026E-end previously. While near-term execution/messaging has been mixed, the mine re-ramp is trending positively (even if slower than expected), and is aided by a stronger lithium/ spodumene backdrop. Plus the global spodumene cost curve is likely shifting right."