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Why Shares of Sigma Lithium Are Falling Today
Yahoo Finance· 2026-01-16 17:20
Core Viewpoint - Sigma Lithium's stock has experienced a significant decline, dropping over 14% recently due to operational challenges and downgrades from analysts, leading investors to sell off their shares [1][3]. Group 1: Stock Performance - Sigma Lithium shares fell 12.9% as of 11:41 a.m. ET, indicating a continued downward trend [1]. - The stock was downgraded from buy to hold by Canaccord, reflecting a bearish outlook [3]. Group 2: Operational Challenges - The Brazilian Labor Ministry has shut down three waste piles at Sigma Lithium's Grota do Cirilo asset, citing risks to workers and the community [4]. - Sigma Lithium announced a pause in operations at Mine 1, Grota do Cirilo, with a projected resumption by the end of November 2025 [5]. Group 3: Analyst Sentiment - Bank of America assigned a price target of $14 for Sigma Lithium stock, indicating a negative outlook [3]. - Analysts suggest that investors should consider other lithium stocks that present less risk until uncertainties around Grota do Cirilo are resolved [5][6].