AlbemarleALB
Market Cap: $9.04B
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 Q2 SEC filings by fund managers ($100M+ AUM)
0.2% less ownership
Funds ownership: 92.12% [Q1] → 91.91% (-0.2%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 308 | Existing positions reduced: 319
8% less funds holding
Funds holding: 886 [Q1] → 812 (-74) [Q2]
28% less capital invested
Capital invested by funds: $14.4B [Q1] → $10.3B (-$4.06B) [Q2]
40% less call options, than puts
Call options by funds: $787M | Put options by funds: $1.32B
46% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 162
50% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 3 (-3) [Q2]
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Evercore ISI Group Stephen Richardson 30% 1-year accuracy 3 / 10 met price target | 121%upside $170 | Outperform Maintained | 28 Aug 2024 |
JP Morgan Jeffrey Zekauskas 76% 1-year accuracy 25 / 33 met price target | 1%upside $78 | Neutral Maintained | 19 Aug 2024 |
Deutsche Bank Corinne Blanchard 0% 1-year accuracy 0 / 5 met price target | 4%upside $80 | Hold Maintained | 16 Aug 2024 |
Piper Sandler Charles Neivert 67% 1-year accuracy 22 / 33 met price target | 17%upside $90 | Underweight Maintained | 8 Aug 2024 |
Scotiabank Ben Isaacson 15% 1-year accuracy 2 / 13 met price target | 11%upside $85 | Sector Perform Maintained | 6 Aug 2024 |
Financial journalist opinion
Based on 17 articles about ALB published over the past 30 days