Albemarle (ALB)

• Market cap: $10.8B
• 1 day: 5.76%
• 5 days: 0.56%
• 1 month: -7.92%
• 3 months: -8.12%
• 6 months: -4.17%
• Year to date: 7.37%
• 1 year: -27.34%
• 5 years: 20.63%
• 10 years: 50.04%
• Sector: Materials
• Industry: Plastic Materials, Synthetic Resins & Nonvulcan Elastomers

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

10% more repeat investments, than reductions

Existing positions increased: 307 | Existing positions reduced: 279

5% less funds holding

Funds holding: 824 [Q2] → 782 (-42) [Q3]

5.81% less ownership

Funds ownership: 94.47% [Q2] → 88.66% (-5.81%) [Q3]

7% less capital invested

Capital invested by funds: $10.6B [Q2] → $9.87B (-$737M) [Q3]

26% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 130

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: $896M | Put options by funds: $1.47B

Research analyst outlook

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

• Low target: $103 13% upside
• Avg. target: $128 39% upside
• High target: $170 86% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Mizuho John Roberts 29% 1-year accuracy 11 / 38 met price target	15% upside $105	Neutral Maintained	7 Jan 2025
Baird Ben Kallo 44% 1-year accuracy 17 / 39 met price target	13% upside $103	Neutral Maintained	18 Dec 2024
RBC Capital Arun Viswanathan 17% 1-year accuracy 12 / 70 met price target	45% upside $133	Outperform Maintained	12 Nov 2024
Keybanc Aleksey Yefremov 30% 1-year accuracy 33 / 111 met price target	39% upside $127	Overweight Maintained	12 Nov 2024
Oppenheimer Colin Rusch 38% 1-year accuracy 13 / 34 met price target	86% upside $170	Outperform Maintained	8 Nov 2024