Albemarle (ALB)

• Market cap: $9.55B
• 1 day: -1.59%
• 5 days: 1.30%
• 1 month: -13.66%
• 3 months: -25.49%
• 6 months: -8.35%
• Year to date: -4.73%
• 1 year: -31.51%
• 5 years: -12.15%
• 10 years: 46.15%
• 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: 8,300

Fund manager confidence

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

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

7.47% more ownership

Funds ownership: 88.67% [Q3] → 96.14% (+7.47%) [Q4]

7% more first-time investments, than exits

New positions opened: 119 | Existing positions closed: 111

1% less capital invested

Capital invested by funds: $9.87B [Q3] → $9.73B (-$147M) [Q4]

3% less funds holding

Funds holding: 784 [Q3] → 758 (-26) [Q4]

21% less repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 300

32% less call options, than puts

Call options by funds: $711M | Put options by funds: $1.04B

Research analyst outlook

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

• Low target: $68 16% downside
• Avg. target: $91 12% upside
• High target: $122 50% upside

8 analyst ratings

• positive: 1 13%
• neutral: 5 63%
• negative: 2 25%

Piper Sandler Charles Neivert 39% 1-year accuracy 17 / 44 met price target	5% upside $85	Underweight Maintained	20 Feb 2025
Morgan Stanley Vincent Andrews 56% 1-year accuracy 5 / 9 met price target	16% downside $68	Underweight Maintained	18 Feb 2025
Scotiabank Ben Isaacson 23% 1-year accuracy 3 / 13 met price target	8% downside $75	Sector Perform Maintained	18 Feb 2025
Keybanc Aleksey Yefremov 39% 1-year accuracy 45 / 116 met price target	50% upside $122	Overweight Maintained	14 Feb 2025
Truist Securities Peter Osterland 17% 1-year accuracy 1 / 6 met price target	5% upside $85	Hold Maintained	14 Feb 2025