ALTM stock icon

Arcadium Lithium
ALTM

$3.68
0.81%

Market Cap: 3.96B

 

About: Arcadium Lithium is a pure-play lithium producer that was formed in the Allkem-Livent merger in January 2024. Arcadium should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from two brine resources in Argentina. Arcadium also produces spodumene, a hard rock lithium upstream concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.

Employees: 2,909

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 16 analysts
0
News positive %
of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

248,712,632,100% more capital invested

Capital invested by funds: $0 [Q4 2023] → $2.49B (+$2.49B) [Q1 2024]

36,600% more funds holding

Funds holding: 0 [Q4 2023] → 366 (+366) [Q1 2024]

36,600% more first-time investments, than exits

New positions opened: 366 | Existing positions closed: 0

78% more call options, than puts

Call options by funds: $18.6M | Put options by funds: $10.5M

53.59% more ownership

Funds ownership: 0% [Q4 2023] → 53.59% (+53.59%) [Q1 2024]

Research analyst outlook

16 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$3.75
2%
upside
Avg. target
$6.49
76%
upside
High target
$12
226%
upside

16 analyst ratings

positive
44%
neutral
38%
negative
19%
Keybanc
Aleksey Yefremov
145%upside
$9
Overweight
Maintained
10 Jul 2024
Goldman Sachs
Hugo Nicolaci
17%upside
$4.3
Neutral
Initiated
27 Jun 2024
RBC Capital
Kaan Peker
9%upside
$4
Outperform
Initiated
26 Jun 2024
Piper Sandler
Charles Neivert
2%upside
$3.75
Underweight
Maintained
25 Jun 2024
BMO Capital
Joel Jackson
49%upside
$5.5
Market Perform
Maintained
15 May 2024

Financial journalist opinion

Based on 9 articles about ALTM published over the past 30 days