Alcoa (AA)

• Market cap: $6.04B
• 1 day: -6.98%
• 5 days: -3.72%
• 1 month: -32.97%
• 3 months: -41.01%
• 6 months: -42.21%
• Year to date: -38.62%
• 1 year: -34.40%
• 5 years: 207.25%
• 10 years: -27.89%
• Sector: Materials
• Industry: Aluminum

About: Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and the eighth-largest aluminum producer. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024, meaning refining assets are now predominantly wholly owned, as with smelting.

Employees: 13,900

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 56

35% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 139

14% more funds holding in top 10

Funds holding in top 10: 7 [Q3] → 8 (+1) [Q4]

9% more funds holding

Funds holding: 481 [Q3] → 522 (+41) [Q4]

2.14% more ownership

Funds ownership: 66.43% [Q3] → 68.57% (+2.14%) [Q4]

1% more capital invested

Capital invested by funds: $6.62B [Q3] → $6.69B (+$69.1M) [Q4]

1% less call options, than puts

Call options by funds: $541M | Put options by funds: $547M

Research analyst outlook

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

• Low target: $25 7% upside
• Avg. target: $34 44% upside
• High target: $51 119% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

JP Morgan Bill Peterson 42% 1-year accuracy 16 / 38 met price target	7% upside $25	Neutral Maintained	17 Apr 2025
UBS Curt Woodworth 45% 1-year accuracy 5 / 11 met price target	37% upside $32	Buy Maintained	15 Apr 2025
B of A Securities Lawson Winder 42% 1-year accuracy 5 / 12 met price target	11% upside $26	Underperform Downgraded	8 Apr 2025
Morgan Stanley Carlos De Alba 26% 1-year accuracy 6 / 23 met price target	119% upside $51	Overweight Maintained	28 Jan 2025