BofA Raises Sigma Lithium to Neutral After Mine Restart, Flags Ongoing Liquidity and Operational Risks
BofA Securities moved Sigma Lithium Corp. (SGML) from Underperform to Neutral with a $14.00 price target after the company said it had resumed mining. The broker said the restart materially lowers the chance of further timeline delays for producing sellable volumes, but it still warns of liquidity pressure during an estimated three-month ramp and o…