Albemarle
About: Albemarle is one of the world's largest lithium producers. In the lithium industry, the majority of demand comes from batteries, where lithium is used as the energy storage material, particularly in electric vehicles. Albemarle is a fully integrated lithium producer. Its upstream resources include salt brine deposits in Chile and the US and two hard rock mines in Australia, both of which are joint ventures. The company operates lithium refining plants in Chile, the US, Australia, and China. Albemarle is a global leader in the production of bromine, used in flame retardants. It is also a major producer of oil refining catalysts.
Employees: 9,000
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 306 | Existing positions reduced: 278
5% less funds holding
Funds holding: 824 [Q2] → 780 (-44) [Q3]
5.9% less ownership
Funds ownership: 93.99% [Q2] → 88.1% (-5.9%) [Q3]
7% less capital invested
Capital invested by funds: $10.6B [Q2] → $9.81B (-$746M) [Q3]
31% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 140
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
39% less call options, than puts
Call options by funds: $892M | Put options by funds: $1.46B
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$79
22%
downside
Avg. target
$124
22%
upside
High target
$170
68%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
RBC Capital Arun Viswanathan 50% 1-year accuracy 27 / 54 met price target | 32%upside $133 | Outperform Maintained | 12 Nov 2024 |
Keybanc Aleksey Yefremov 47% 1-year accuracy 20 / 43 met price target | 26%upside $127 | Overweight Maintained | 12 Nov 2024 |
Oppenheimer Colin Rusch 27% 1-year accuracy 6 / 22 met price target | 68%upside $170 | Outperform Maintained | 8 Nov 2024 |
Baird Ben Kallo 73% 1-year accuracy 22 / 30 met price target | 22%downside $79 | Neutral Maintained | 25 Oct 2024 |
Wells Fargo Michael Sison 24% 1-year accuracy 5 / 21 met price target | 9%upside $110 | Equal-Weight Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 16 articles about ALB published over the past 30 days
Neutral
PRNewsWire
3 days ago
Albemarle Corporation to Participate in Virtual Fireside Chat at the Deutsche Bank 9th Annual Lithium & Battery Supply Chain Conference
CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Eric Norris, chief commercial officer, will participate in a fireside chat at the Deutsche Bank Lithium & Battery Supply Chain Conference on Wednesday, Dec. 4.
Positive
Seeking Alpha
3 days ago
Albemarle: Financial Resiliency And A Strong Industry Outlook Justify A Bullish Outlook
Electric vehicles are the future, creating investment opportunities in lithium, with Albemarle Corporation as a solid ‘buy' candidate despite short-term challenges. Albemarle's stock rose 41.2% since August, outperforming the S&P 500, due to improved financial position and long-term lithium market outlook. Despite a significant drop in revenue and profitability, management's cost-cutting measures and strategic decisions aim to stabilize the company.
Negative
Seeking Alpha
6 days ago
Albemarle Preferred Shares Are Awful, Get Better Yield This Way
Mandatory convertible preferred shares like ALB.PR.A are almost as risky as common shares. Most investors are in it for the fixed coupon and don't understand their potential losses. We saw this in the case of Algonquin mandatory convertibles and even in the case of Paramount mandatory convertibles.
Positive
Seeking Alpha
1 week ago
My Best Dividend Aristocrats For December 2024
The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.
Positive
Zacks Investment Research
1 week ago
Here is What to Know Beyond Why Albemarle Corporation (ALB) is a Trending Stock
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Positive
Zacks Investment Research
3 weeks ago
Albemarle Corporation (ALB) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Positive
Seeking Alpha
3 weeks ago
67 Aristocrats November Dividend Cornucopia Has 39 'Safer' And 2 Ideal Dogs
November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue, meeting the dogcatcher ideal of dividends from $1K invested exceeding single share prices. Analysts forecast 12.5% to 20.12% net gains from the top-ten Aristocrat Dogs by November 2025, with NextEra Energy and Target leading the projections. Seven more Aristocrats, including Realty Income and Chevron, are within 50% of meeting the ideal dividend-to-price ratio, potentially becoming fair priced with market pressure.
Positive
Investors Business Daily
3 weeks ago
The Lithium Price Cycle Has Bottomed. What To Expect Next For These Stocks.
Lithium stocks began rebounding in August. Output cuts and a giant buyout marked a cyclical bottom for lithium prices.
Positive
Seeking Alpha
4 weeks ago
Albemarle: Don't Lose Faith Now
Albemarle is adjusting its business model due to slow EV demand, leading to reduced new mine construction and potential future price boosts. The lithium miner reported Q3'24 revenues dropped 39% to $1.4 billion, reflecting a potential trough of the lithium price cycle, with significant cost-cutting measures in place. The company cut capex plans, slashed spending from $2.1 billion in 2023 to $0.8-$0.9 billion in 2025.
Neutral
Zacks Investment Research
4 weeks ago
Albemarle's Q3 Earnings and Sales Miss on Lower Lithium Pricing
Lower lithium market prices weigh on ALB's Q3 results, partly masked by volume growth and cost and productivity benefits.
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