Why did Albemarle stock fall 10% Thursday?
He tries to invest in good souls. Shares of giant lithium miner Albemarle ( NYSE:ALB) fell by as much as 10% in the first hour of trading on Thursday. The price decline was largely driven by the company's earnings report, which it released after the close Wednesday.
When will Alb earnings call for 2019?
ALB earnings call for the period ending December 30, 2019. ALB earnings call for the period ending September 30, 2019. ALB earnings call for the period ending June 30, 2019. Primary metrics and data points about Albemarle.
Why is Albemarle's valuation too high?
Albemarle's lofty valuation is making some market players jittery. These lithium stocks could race ahead if they deliver on their growth plans. Electric vehicle sales are booming, and demand for the lithium that powers their batteries is likely to rise.
Why has April been the worst month for stocks?
With a background of high inflation and the war between Russia and Ukraine still unfolding, April has been an unhappy month for stocks. The Dow Jones Industrial Average was down 0.89% for the past month to date as of Friday, for example, while the S&P 500 Index was down 3.27%.
Is ALB stock a good buy?
Albemarle currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
What is the target price for ALB?
Stock Price TargetsHigh$368.00Median$293.00Low$135.00Average$283.00Current Price$270.92
Why have lithium stocks dropped?
So where to next for lithium prices and lithium share prices? Global EV sales actually fell in April, primarily due to supply chain issues surrounding automotive components in connection with both the Russian invasion of Ukraine and the Chinese COVID-19 lockdown.
Why is Piedmont lithium dropping?
Piedmont Lithium Inc. shares were down 11% to $67.02 in premarket trading after the company said it priced an upsized underwritten public offering of 1.75 million common shares at $65 a share. The company said it expects to see proceeds of $113.75 million.
Will Lac go up?
Lithium Americas Corp (NYSE:LAC) The 13 analysts offering 12-month price forecasts for Lithium Americas Corp have a median target of 39.00, with a high estimate of 44.00 and a low estimate of 23.75. The median estimate represents a +93.74% increase from the last price of 20.13.
Is Lac a buy or sell?
Lithium Americas has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Is it smart to invest in lithium stocks?
If you'd like to see high returns on your investments, lithium stocks are a promising option. EVs are here to stay, and more and more companies are growing their demand for lithium.
What is the best lithium stock?
The Best Lithium Stocks of June 2022Albemarle (ALB) Albemarle is a specialty chemicals company and a leading producer of lithium, bromine and refining catalysts. ... Sociedad Química y Minera de Chile (SQM) ... Lithium Americas Corporation (LAC) ... Piedmont Lithium Limited (PLL) ... Livent Corporation (LTHM) ... Ganfeng Lithium (GNENF)
Will lithium prices go up?
Several analysts have upgraded their lithium price forecasts in 2022 to 2025 because of the rising EV demand and supply deficit.
Will Piedmont lithium stock go back up?
Piedmont Lithium Inc quote is equal to 48.470 USD at 2022-06-20. Based on our forecasts, a long-term increase is expected, the "PLL" stock price prognosis for 2027-06-11 is 78.334 USD. With a 5-year investment, the revenue is expected to be around +61.61%. Your current $100 investment may be up to $161.61 in 2027.
Will Piedmont Lithium go up?
Piedmont Lithium Inc (NASDAQ:PLL) The 8 analysts offering 12-month price forecasts for Piedmont Lithium Inc have a median target of 93.50, with a high estimate of 124.00 and a low estimate of 85.00. The median estimate represents a +92.86% increase from the last price of 48.48.
Should I buy Piedmont lithium?
There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Piedmont Lithium stock. View analyst ratings for Piedmont Lithium or view top-rated stocks.
How much is Albemarle earnings per share for 2021?
But the real kicker was that Albemarle offered guidance on adjusted earnings per share for 2021, forecasting that they'll be in the range of $3.25 to $3.65, which means another down year.
Who believes dividends are a window into a company's soul?
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What is Albemarle's fourth quarter 2020?
It warned that its sales would be down between 11% and 12%, net income would be lower by 3% to 15%, and that adjusted EBITDA would be off by between 24% and 28%. Adjusted earnings per share were projected to be between $1.11 and $1.19, which was notably lower than the $1.73 per share the company earned in the same quarter of 2019. Although it noted that these numbers were, by and large, better than it had been predicting previously, the final tallies would nonetheless amount to notable year-over-year declines.
When is the ALB earnings call 2021?
ALB earnings call for the period ending March 31, 2021.
How many articles has The Fool written on Albemarle?
The Fool has written over 200 articles on Albemarle.
The world's largest lithium producer was bracing for a difficult 2020. Then the coronavirus pandemic hit
Maxx has been a contributor to Fool.com since 2013. He graduated from the State University of New York College of Environmental Science and Forestry (2012) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (2016) with a Master of Science in Materials Science & Engineering.
What happened
Shares of Albemarle ( NYSE:ALB) plunged 31% last month, according to data provided by S&P Global Market Intelligence. Global lithium markets were already suffering from a mismatch in supply and demand, which forced them into the first major downturn since lithium became an essential global commodity a few years ago.
So what
Major lithium producers have made responsible decisions to delay near-term expansion plans in an effort to help balance supply and demand. Albemarle, Sociedad Quimica y Minera, and Livent Corporation have each backed off ambitious timelines for production growth in the last year or so.
Now what
Investors with a long-term mindset might be more willing to cut Albemarle some slack. The business is well run, comfortably profitable, and has considerable long-term potential.
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Albemarle Corp
Albemarle Corp. engages in developing, manufacturing, and marketing of chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, transportation, pharmaceuticals, crop production, food-safety, and custom chemistry services. It operates through the following segments: Lithium, Bromine Specialties, and Catalysts.