Arcadium Lithium (ALTM)

• Market cap: $5.22B
• 1 day: -0.61%
• 5 days: -5.46%
• 1 month: -6.91%
• 3 months: 93.23%
• 6 months: 46.97%
• Year to date: -28.78%
• 1 year: -28.78%
• 5 years: -28.78%
• 10 years: -28.78%
• Sector: Materials
• Industry: Industrial Inorganic Chemicals

About: Arcadium Lithium is a pure-play lithium producer that was formed by the Allkem-Livent merger in January 2024. The company agreed to a deal for Arcadium to be acquired by Rio Tinto in an all-cash transaction that should close in 2025. 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 Q3 regulatory filings by fund managers ($100M+ AUM)

22% more repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 115

4% more call options, than puts

Call options by funds: $7.69M | Put options by funds: $7.41M

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1.53% less ownership

Funds ownership: 58.13% [Q2] → 56.6% (-1.53%) [Q3]

5% less funds holding

Funds holding: 406 [Q2] → 387 (-19) [Q3]

16% less capital invested

Capital invested by funds: $2.1B [Q2] → $1.76B (-$341M) [Q3]

30% less first-time investments, than exits

New positions opened: 44 | Existing positions closed: 63

Research analyst outlook

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

• Low target: $3.10 36% downside
• Avg. target: $5.54 14% upside
• High target: $8 65% upside

7 analyst ratings

• positive: 1 14%
• neutral: 6 86%
• negative: 0 0%

B. Riley Securities Matthew Key 43% 1-year accuracy 3 / 7 met price target	21% upside $5.85	Neutral Downgraded	12 Nov 2024
Macquarie Robert Stein 0 / 0 met price target	21% upside $5.85	Neutral Downgraded	15 Oct 2024
Keybanc Aleksey Yefremov 29% 1-year accuracy 32 / 110 met price target	65% upside $8	Sector Weight Downgraded	11 Oct 2024
BMO Capital Joel Jackson 44% 1-year accuracy 4 / 9 met price target	21% upside $5.85	Market Perform Maintained	10 Oct 2024
Mizuho John Roberts 48% 1-year accuracy 16 / 33 met price target	21% upside $5.85	Neutral Maintained	10 Oct 2024