Arcadium Lithium
ALTM
Market cap $5.95B

5.53 USD

+0.01

0.18%

Updated Oct 22, 10:48 AM EDT

1 day

0.18%

5 days

-0.18%

1 month

121.20%

3 months

56.21%

6 months

44.01%

Year to date

-18.80%

1 year

-18.80%

5 years

-18.80%

About: Arcadium Lithium is a pure-play lithium producer that was formed by the Allkem-Livent merger in January 2024. Now management has agreed to a deal for Arcadium to be acquired by Rio Tinto in an all-cash transaction that should close in 2025. 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

Materials Industrial Inorganic Chemicals

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 13 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 57

58% more call options, than puts

Call options by funds: $11M | Put options by funds: $6.96M

9% more funds holding

Funds holding: 372 [Q1] → 405 (+33) [Q2]

3.12% more ownership

Funds ownership: 54.29% [Q1] → 57.41% (+3.12%) [Q2]

2% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 118

18% less capital invested

Capital invested by funds: $2.52B [Q1] → $2.07B (-$445M) [Q2]

See Fund Rankings

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$3

46%

downside

Avg. target

$4.78

14%

downside

High target

$8

45%

upside

13 analyst ratings

4 positive

31%

8 neutral

62%

1 negative

8%

Macquarie	6%upside $5.85	Neutral Downgraded	15 Oct 2024
Keybanc Aleksey Yefremov 59% 1-year accuracy 23 / 39 met price target	45%upside $8	Sector Weight Downgraded	11 Oct 2024
BMO Capital Joel Jackson 62% 1-year accuracy 8 / 13 met price target	6%upside $5.85	Market Perform Maintained	10 Oct 2024
Mizuho John Roberts 74% 1-year accuracy 17 / 23 met price target	6%upside $5.85	Neutral Maintained	10 Oct 2024
HSBC Santhosh Seshadri 0 / 0 met price target	23%downside $4.25	Hold Downgraded	10 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 46 articles about ALTM published over the past 30 days

Top 5 Beaten Down Lithium Companies To Buy Now

Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle, Sociedad Química y Minera, Lithium Americas Argentina, Chengxin Lithium Group, and Galan Lithium. Galan Lithium is a higher-risk/higher-reward junior on track to be a potential H2, 2025 low cost LiCl producer in Argentina.

Top 5 Beaten Down Lithium Companies To Buy Now

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Top 5 Tax-Loss Stocks To Sell By October 31, 2024

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Top 5 Tax-Loss Stocks To Sell By October 31, 2024

Why lithium is such a critical resource for batteries

Rio Tinto (RIO) recently announced its agreement to acquire Arcadian Lithium (ALTM) in a deal valued at $6.7 billion, positioning the company to become the world's third-largest lithium miner. CRU Group vice president of base and battery metals Frank Nikolic joins to discuss his outlook on the lithium market.

Why lithium is such a critical resource for batteries

The Motley Fool

Why Arcadium Lithium Stock Was Soaring This Week

Rumors of a sale to a strategic investor became reality rather quickly.

Why Arcadium Lithium Stock Was Soaring This Week

Proactive Investors

Rio Tinto bets big on long-term lithium demand with Arcadium acquisition

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price.

Rio Tinto bets big on long-term lithium demand with Arcadium acquisition

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTM and OB on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / October 10, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Arcadium Lithium plc (NYSE:ALTM)'s sale to Rio Tinto for $5.85 per share. If you are an Arcadium shareholder, click here to learn more about your legal rights and options.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALTM and OB on Behalf of Shareholders

Rio Tinto's Arcadium Acquisition An Intelligent Move

Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong earnings and a high FCF yield, supporting a comfortably affordable dividend of over 4%. Rio Tinto's growth projects, including Simandou and Pilbara Iron Ore, promise substantial future revenue and production increases.

Rio Tinto's Arcadium Acquisition An Intelligent Move

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Rio Tinto's real prize: Arcadium's lithium extraction technology

Rio Tinto's $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle industries.

Rio Tinto's real prize: Arcadium's lithium extraction technology

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