5 Cheap Lithium Stocks to Buy According to Analysts

3. Sigma Lithium Corporation (NASDAQ:SGML)         

Average Price Target Based on Analyst Ratings: 37.36           

Upside Potential as of 21 March: 196.74%

P/E Ratio: -39.16

Sigma Lithium Corporation (NASDAQ:SGML) is a company engaged in production of high-purity lithium for the electric vehicles’ batteries market. For the Q4 2023, 18 hedge funds were holding a position in the stock, with the value soaring at $209.2 million; leading the pack is Jos Shaver’s Electron Capital Partners, owning 2.2 million shares worth $69.7 million, encompassing 2.9% of their portfolio.

Nucleo Capital Ltda. is also all in the game for this stock, with a stake of cool $94.5 million. Moreover, Yahoo Finance is holding a “strong buy” position for this stock.