12 Biggest Lithium Stocks to Buy According to Hedge Funds

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8. Sigma Lithium Corporation (NASDAQ:SGML)

Number of Hedge Fund Holders: 16

Sigma Lithium Corporation (NASDAQ:SGML) is a major global producer of lithium that is committed to providing sustainable, carbon-neutral lithium concentrate for electric vehicle batteries. The company operates its Grota do Cirilo facility in Brazil, where it produces Quintuple Zero Green Lithium. This novel lithium is produced without the use of tailings dams, hazardous chemicals, potable water, or carbon emissions.

On January 14, BofA maintained a Buy rating on Sigma Lithium Corporation (NASDAQ:SGML) shares while lowering the price target from $25 to $16. Given that it expects “minimal industry discipline,” increased oversupply in 2025, and stagnant inventory levels, the firm has reduced its price recovery forecast for the year. Nonetheless, BofA remains “bullish on Sigma profit outlook, particularly post-2025,” citing low-cost operations and an expected $1.17/kg realized price in 2026.

Sigma Lithium Corporation (NASDAQ:SGML) exceeded its target of 60,000 tonnes of Quintuple Zero Green Lithium Concentrate in Q3 2024, producing 60,237 tonnes. Additionally, sales volumes increased by 9% from quarter to quarter, reaching 57,483 tonnes. Furthermore, the company keeps its cash operating expenses among the lowest in the industry.

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