Arcadium LithiumALTM
Market Cap: $2.64B
About: Arcadium Lithium is a pure-play lithium producer that was formed in the Allkem-Livent merger in January 2024. 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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more call options, than puts
Call options by funds: $11M | Put options by funds: $6.96M
53% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 59
8% more funds holding
Funds holding: 372 [Q1] → 403 (+31) [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]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Kaan Peker 50% 1-year accuracy 1 / 2 met price target | 47%upside $3.60 | Outperform Reiterated | 5 Sept 2024 |
UBS Joshua Spector 49% 1-year accuracy 18 / 37 met price target | 22%upside $3 | Neutral Initiated | 3 Sept 2024 |
Piper Sandler Charles Neivert 62% 1-year accuracy 21 / 34 met price target | 32%upside $3.25 | Underweight Maintained | 21 Aug 2024 |
Keybanc Aleksey Yefremov 31% 1-year accuracy 15 / 49 met price target | 226%upside $8 | Overweight Maintained | 9 Aug 2024 |
Scotiabank Ben Isaacson 8% 1-year accuracy 1 / 13 met price target | 63%upside $4 | Sector Perform Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 7 articles about ALTM published over the past 30 days