Arcadium LithiumALTM
ALTM
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
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
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
10% less call options, than puts
Call options by funds: $5.06M | Put options by funds: $5.62M
1.47% less ownership
Funds ownership: 58.36% [Q2] → 56.89% (-1.47%) [Q3]
5% less funds holding
Funds holding: 406 [Q2] → 387 (-19) [Q3]
16% less capital invested
Capital invested by funds: $2.11B [Q2] → $1.77B (-$341M) [Q3]
23% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 57
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$5.85
2%
upside
Avg. target
$5.85
2%
upside
High target
$5.85
2%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
B. Riley Securities Matthew Key 43% 1-year accuracy 3 / 7 met price target | 2%upside $5.85 | Neutral Downgraded | 12 Nov 2024 |
Financial journalist opinion
Based on 8 articles about ALTM published over the past 30 days
Positive
Reuters
4 days ago
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.
Neutral
PRNewsWire
1 week ago
Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto
PHILADELPHIA and PERTH, Australia , Jan. 8, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, announced that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the proposed acquisition of Arcadium Lithium by Rio Tinto (previously announced on October 9, 2024) and determined that there are no unresolved national security concerns. As of this release, merger control clearance has been satisfied or waived in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976).
Positive
Proactive Investors
3 weeks ago
Are lithium battery stocks a good buy amidst market volatility?
Lithium batteries are a fundamental component of modern life, powering a wide range of devices from laptops and smartphones to electric vehicles (EVs) and even industrial equipment. As governments around the world push for greener technologies to combat climate change, demand for lithium batteries has surged.
Positive
Seeking Alpha
3 weeks ago
Rio Tinto: Growth Could Accelerate After Arcadium Deal
Arcadium Lithium is undervalued with a 13% upside to Rio Tinto's buyout price, expected to close mid 2025. Rio Tinto's acquisition of ALTM positions it as a major lithium player, with potential revenue growth as lithium prices recover. Rio Tinto is fundamentally and technically strong, trading at a low P/E ratio with substantial dividend growth potential.
Positive
Zacks Investment Research
3 weeks ago
Rio Tinto Buyout Deal Receives Arcadium Lithium Shareholder Approvals
RIO expects the Arcadium Lithium acquisition to close in mid-2025 after receiving the latter's shareholder approval.
Positive
Proactive Investors
4 weeks ago
Rio Tinto gets Arcadium shareholder approval for £5bn takeover
Shares in Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) rose 9% overnight as investors backed the US$6.7 billion cash takeover of the metals processing firm by Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF). The deal, which is Rio's biggest for seventeen years, now faces regulatory approval in the US where it will be a test of the new Trump administration's attitude to foreign takeovers.
Positive
Reuters
4 weeks ago
Arcadium Lithium shareholders approve $6.7 bln Rio Tinto deal
Arcadium Lithium shareholders have voted in favor of a $6.7 billion sale to Australian mining giant Rio Tinto , the company said on Monday.
Neutral
PRNewsWire
4 weeks ago
Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update
PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it has obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto previously announced on October 9, 2024. "Today's vote of support by our shareholders confirms our shared belief that with Rio Tinto, we will be a stronger global leader in lithium chemicals production.
Neutral
Business Wire
1 month ago
ARCADIUM LITHIUM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Arcadium Lithium plc - ALTM
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arcadium Lithium plc (NYSE: ALTM) to Rio Tinto. Under the terms of the proposed transaction, shareholders of Arcadium will receive $5.85 in cash for each share of Arcadium that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the considera.
Positive
Investors Business Daily
2 months ago
The Lithium Price Cycle Has Bottomed. What To Expect Next For These Stocks.
Lithium stocks began rebounding in August. Output cuts and a giant buyout marked a cyclical bottom for lithium prices.
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