Albemarle (ALB)

• Market cap: $12.5B
• 1 day: 2.33%
• 5 days: -1.67%
• 1 month: 13.44%
• 3 months: 28.59%
• 6 months: -18.21%
• Year to date: -27.53%
• 1 year: -18.34%
• 5 years: 60.17%
• 10 years: 72.95%
• 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: 305 | Existing positions reduced: 277

6% less funds holding

Funds holding: 823 [Q2] → 776 (-47) [Q3]

5.86% less ownership

Funds ownership: 93.94% [Q2] → 88.08% (-5.86%) [Q3]

7% less capital invested

Capital invested by funds: $10.5B [Q2] → $9.81B (-$742M) [Q3]

33% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 142

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

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

• Low target: $79 26% downside
• Avg. target: $132 24% upside
• High target: $170 60% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

RBC Capital Arun Viswanathan 38% 1-year accuracy 26 / 68 met price target	25% upside $133	Outperform Maintained	12 Nov 2024
Keybanc Aleksey Yefremov 39% 1-year accuracy 12 / 31 met price target	19% upside $127	Overweight Maintained	12 Nov 2024
Oppenheimer Colin Rusch 31% 1-year accuracy 9 / 29 met price target	60% upside $170	Outperform Maintained	8 Nov 2024
Baird Ben Kallo 61% 1-year accuracy 20 / 33 met price target	26% downside $79	Neutral Maintained	25 Oct 2024
Wells Fargo Michael Sison 12% 1-year accuracy 3 / 26 met price target	3% upside $110	Equal-Weight Maintained	8 Oct 2024