Albemarle (ALB)

• Market cap: $10.6B
• 1 day: 0.89%
• 5 days: -7.23%
• 1 month: -18.18%
• 3 months: -0.52%
• 6 months: -6.65%
• Year to date: -38.74%
• 1 year: -40.95%
• 5 years: 24.43%
• 10 years: 48.79%
• 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]

5.87% less ownership

Funds ownership: 93.99% [Q2] → 88.12% (-5.87%) [Q3]

7% less capital invested

Capital invested by funds: $10.6B [Q2] → $9.81B (-$743M) [Q3]

30% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 138

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: $103 14% upside
• Avg. target: $129 43% upside
• High target: $170 89% upside

5 analyst ratings

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

Baird Ben Kallo 40% 1-year accuracy 16 / 40 met price target	14% upside $103	Neutral Maintained	18 Dec 2024
RBC Capital Arun Viswanathan 17% 1-year accuracy 12 / 70 met price target	48% upside $133	Outperform Maintained	12 Nov 2024
Keybanc Aleksey Yefremov 27% 1-year accuracy 30 / 110 met price target	41% upside $127	Overweight Maintained	12 Nov 2024
Oppenheimer Colin Rusch 26% 1-year accuracy 9 / 35 met price target	89% upside $170	Outperform Maintained	8 Nov 2024
Wells Fargo Michael Sison 8% 1-year accuracy 3 / 38 met price target	22% upside $110	Equal-Weight Maintained	8 Oct 2024