# Sigma Lithium Corporation (SGML)

> Source: Nexqual · https://nexqual.com/SGML · data as of 2026-11-03 21:00 UTC · cite as "Nexqual, Sigma Lithium Corporation (SGML), nexqual.com/SGML" · informational, not investment advice.

## What changed for SGML since Aug 31, 2025
The built-in knowledge of several widely used AI models ends around Aug 31, 2025. Everything below is newer, dated and sourced (as of Nov 3, 2026).

- Sigma Lithium Corporation (SGML) stock went from USD 6.71 (close of the week of Aug 25, 2025, split-adjusted) to USD 5.53, a -17.5% price change; the S&P 500 (SPY) moved +18.5% over the same period.
- Analyst actions on SGML in the last 120 days: 2 (0 upgrades or target raises, 1 downgrades or target cuts); most recent BMO Capital, Oct 1, 2026.

**Price:** USD 5.54 (+6.24% on the day) · last close of Nov 3, 2026; US market pre market, not a live price. Prev close 5.21 · day 5.15–5.75 · 52w 4.67–24.48 · market cap $623M · NCM

## Key facts
- Analysts: Buy (mean 2.25 on a 1–5 scale) (4 analysts), mean target USD 10.33 (range 7–13).
- Total return with dividends: 1Y +18.3% vs S&P 500 +12.9%; 5Y -40.6% vs S&P 500 +72.1%.
- Next earnings: 2026-11-13 (date not yet confirmed by the company), EPS estimate USD 0.08, revenue estimate $49.5M. All companies reporting that day: https://nexqual.com/earnings/2026-11-13
- Dividend: SGML paid no cash dividend in the last five years.
- Short interest: 11.17% of float (as of 2026-10-15), 3.0 days to cover.

## Analysts
Consensus Buy (mean 2.25 on a 1–5 scale), 4 analysts; mean target USD 10.33 (low 7, high 13).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-01 | BMO Capital | Downgrade | Outperform → Market Perform | $10 |
| 2026-09-18 | JP Morgan | Initiated | Overweight | $14 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-11-04) | 5Y (from 2021-11-01) |
|---|---|---|
| Total return | +18.3% | -40.6% |
| S&P 500 (SPY) | +12.9% | +72.1% |
| Per year | +18.3% | -9.9% |
| Volatility (annualized) | 113.5% | 83.8% |
| Max drawdown | -78.0% (May 2026→Nov 2026) | -88.9% (Jun 2023→Jun 2025) |

## Dividends
SGML paid no cash dividend in the last five years.

## Short interest
7,244,457 shares sold short, 11.17% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 3,651,289 shares (+98.4%). Days to cover: 3.0 (short shares ÷ average daily volume).

## Peers (Other Industrial Metals & Mining)
NEXA (Nexa Resources S.A.) USD 11.43 -0.00% · SSMR (Sunshine Silver Mining & Refini) USD 11.01 -0.63% · ALM (Almonty Industries Inc.) USD 8.69 -0.23% · USAR (USA Rare Earth, Inc.) USD 8.71 -1.64% · SKE (Skeena Resources Limited) USD 26.81 -1.32% · MTRN (Materion Corporation) USD 227.43 +4.88%

## More
Full page: https://nexqual.com/SGML · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.08 | $0.45 | -81.1% | $49.5M | 1 |
| Next quarter (ends 2026-12-31) | $0.06 | $0.46 | -85.9% | $76.7M | 3 |
| Current fiscal year (ends 2026-12-31) | $0.49 | $1.21 | -59.5% | $279.0M | 2 |
| Next fiscal year (ends 2027-12-31) | $1.83 | $1.68 | +9.5% | $659.6M | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-13): ±18.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 16 | 95.4% | ±18.5% |
| 2026-12-18 | 44 | 87.4% | ±26.1% |
| 2027-01-15 | 72 | 86.7% | ±32.4% |
| 2027-04-16 | 163 | 85.7% | ±46.8% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.02 | $0.23 | Miss −$0.25 | — |
| — | Quarter ended Mar 31, 2026 | $0.10 | $0.14 | Miss −28.6% | — |
| — | Quarter ended Dec 31, 2025 | −$0.22 | −$0.07 | Miss −214.3% | — |
| — | Quarter ended Sep 30, 2025 | −$0.10 | −$0.05 | Miss −100.0% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-11-03 | 6-K | Current report (foreign issuer) · period ended Nov 2, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426005126/0001292814-26-005126-index.htm |
| 2026-11-02 | 6-K | Current report (foreign issuer) · period ended Sep 30, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426005112/0001292814-26-005112-index.htm |
| 2026-11-02 | 6-K | Current report (foreign issuer) · period ended Nov 2, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426005110/0001292814-26-005110-index.htm |
| 2026-10-23 | 6-K | Current report (foreign issuer) · period ended Oct 23, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004998/0001292814-26-004998-index.htm |
| 2026-10-07 | Schedule 13G | L1 Capital Pty Ltd: 10.2% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1848309/000181764626000030/0001817646-26-000030-index.htm |
| 2026-10-06 | 6-K | Current report (foreign issuer) · period ended Oct 6, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004858/0001292814-26-004858-index.htm |
| 2026-10-01 | 6-K | Current report (foreign issuer) · period ended Oct 1, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004782/0001292814-26-004782-index.htm |
| 2026-09-28 | 6-K | Current report (foreign issuer) · period ended Sep 28, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004722/0001292814-26-004722-index.htm |
| 2026-09-22 | 6-K | Current report (foreign issuer) · period ended Sep 21, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004627/0001292814-26-004627-index.htm |
| 2026-09-17 | 6-K | Current report (foreign issuer) · period ended Sep 16, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004580/0001292814-26-004580-index.htm |
| 2026-09-08 | 6-K | Current report (foreign issuer) · period ended Sep 8, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004491/0001292814-26-004491-index.htm |
| 2026-09-04 | 6-K | Current report (foreign issuer) · period ended Sep 4, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004476/0001292814-26-004476-index.htm |
| 2026-08-24 | 6-K | Current report (foreign issuer) · period ended Aug 21, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004316/0001292814-26-004316-index.htm |
| 2026-08-14 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1848309/000129281426004250/0001292814-26-004250-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.