64.22 +1.13 (1.79%)
Pre-Market: 8:45AM EDT
|Bid||60.64 x 900|
|Ask||0.00 x 800|
|Day's Range||61.77 - 63.34|
|52 Week Range||61.24 - 108.74|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||12.31|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.47 (2.33%)|
|1y Target Est||90.38|
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Albemarle (ALB) have what it takes? Let's find out.
Albemarle Corp said on Thursday it would delay construction plans for about 125,000 tons of additional lithium processing capacity as an oversupply of the white metal used to make electric vehicle batteries has pushed down prices. Albemarle said it expects lithium supply-demand dynamics to tighten in 2020, adding that it would add production capacity to meet demand. In the meantime, Albemarle said the move would lower capital expenses by about $1.5 billion over the next five years.
Albemarle (ALB) delivered earnings and revenue surprises of 9.93% and 1.00%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Sales of bromine, a chemical used to make fire extinguishers, were driven by demand in flame retardants for electronics, clear completion fluids, and polymer resins, despite weakness in automotive and construction, sectors that have been hit by trade tensions and fears of slowing global growth. Sales from the company's largest segment lithium, used to make electric car batteries, rose only 2.3% to $324.8 million, compared with a 30.2% jump in the year-ago quarter. Lithium demand has been affected by a slump in the sector, with its prices expected to be subdued in 2019, due to U.S.-China trade tensions and China's cuts to electric vehicle subsidies.
CHARLOTTE, N.C. , Aug. 7, 2019 /PRNewswire/ -- Second quarter 2019 highlights: Net sales were $885.1 million , an increase of 4% over the prior year; earnings were $1.45 per diluted share Adjusted diluted ...
CHARLOTTE, N.C. , Aug. 6, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host an Investor Day on Thursday, Dec. ...
Looking at Albemarle Corporation's (NYSE:ALB) earnings update in March 2019, analyst consensus outlook appear bearish...
Albemarle Corp, the world's largest lithium producer, has revised a deal to buy into Australia's Mineral Resources Ltd's Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market. The new deal comes amidst weakness in the lithium sector, with prices for the metal expected to be subdued in 2019 after changes to China's electric vehicle subsidy regime undermined demand from Chinese customers. "We view the amended terms of the Wodgina Lithium Project joint venture as materially less ambitious and better suited to forecast market demand," credit rating agency Standard & Poor's said in a note.
CHARLOTTE, N.C., July 31, 2019 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today amendments to its transaction with Mineral Resources Limited (MRL) (MIN.AX) under the Asset Sale and Share Subscription Agreement (Agreement) that was entered into on December 14, 2018. Under the revised arrangements, upon closing of the transaction, Albemarle will acquire 60% ownership of MRL's Wodgina hard rock lithium mine in Western Australia and form a 60-40 joint venture with MRL to operate the mine and battery grade lithium hydroxide production facilities.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Albemarle (ALB) have what it takes? Let's find out.
CHARLOTTE, N.C., July 24, 2019 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (ALB) announces that it has declared a dividend of $0.3675 per share. The dividend, which has an annualized rate of $1.47, is payable Oct. 1, 2019, to shareholders of record at the close of business as of Sept. 13, 2019. Albemarle Corporation (ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.
CHARLOTTE, N.C., July 23, 2019 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that its Board of Directors has appointed Glenda Minor and Holly Van Deursen to the Board, effective July 23, 2019. Minor will serve as a member of the Board's Audit & Finance Committee and Nominating & Governance Committee, and Van Deursen will serve as a member of the Board's Executive Compensation Committee and Health, Safety & Environment Committee.
Editor's note: This story was previously published in June 2019 and has since been updated and republished.No matter how innovative or utilitarian a new platform may be, all modern technologies require a catalyst to operate. For most devices, this requirement translates into a lithium-based power source. Nowadays, almost everything we use runs on the silver-white metal. Logically, the idea of buying lithium stocks is a frequently made suggestion.However, the markets sometimes deploy their own logic, which seemingly runs counter to the fundamentals. For instance, industry demand for lithium remains robust, and is likely to increase as electronics manufacturers pump out smart devices. Yet the benchmark exchange-traded fund Global X Lithium ETF (NYSEARCA:LIT) is down approximately 19% over the past year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy From This Superstar Fund Why the disconnect between lithium stocks and underlying industry demand? Mostly, experts in the field forecast an overabundance of supply due to mining companies ramping-up production. Additionally, last year Morgan Stanley analysts predicted a massive drop in the commodity's price over the next few years that could outpace even tremendous demand from electric-vehicle companies.Of course, the other major concern is a more recent development: The escalating U.S.-China trade war. I say escalating because while the two sides are talking, we're seeing no substantive evidence of a potential deal. Continuing rhetoric isn't conducive to the success of lithium stocks.Let's not forget that China has a massive stockpile of lithium. Furthermore, they regard the commodity as "white petroleum," and are actively seeking to dominate its supply chain. Although opinions vary on this dynamic, in my view, that's net bullish for lithium stocks due to the tech industry's ever-rising demand.With that in mind, here are my ten picks for lithium stocks to take advantage of the market's irrationality. Albemarle (ALB)Several of the lithium stocks that analysts commonly discuss are admittedly speculative affairs. As a result, the downturn in the lithium market has severely and disproportionately impacted the industry's direct competitors. But for a solid, renowned organization like Albemarle (NYSE:ALB), the selloff presents a viable contrarian opportunity.Source: fdecomite via Flickr (Modified)I'm not going to beat around the bush: ALB stock has taken a massive beating, even compared to the lithium industry's bloodbath. Over the past year, shares have lost nearly 20% in the markets.That said, I'm encouraged with some positives in the company's financials. After absorbing a disappointing dip in revenues in 2016, Albemarle bounced back the following year. The growth continued in 2018 with revenues growing from $3.07 billion to $3.37 billion. ALB reported Q1 earnings-per-share that was in-line with analysts' consensus estimates and revenue that beat the average outlook.Despite geopolitical saber-rattling, the outlook for lithium remains strong. Experts forecast nearly a 9% lift in global demand through 2019. Thus, the present weakness in ALB stock is a great entry point. Sociedad Quimica y Minera (SQM)Due to its sheer dominance in the sector, no discussion about lithium stocks is complete without mentioning Sociedad Quimica y Minera (NYSE:SQM). SQM is based in Chile, which according to CNBC enjoys the world's largest lithium reserves. In fact, CNBC was quite emphatic about this point, noting that no other nation comes close to Chile's 7.5 million metric tons of the hotly demanded metal. Click to Enlarge Source: Shutterstock Unfortunately, as with many other lithium stocks, SQM suffers from a divergence between fundamental bullishness and technical trading. Over the past year, shares are down over 33%.But what's truly compelling about SQM stock is the general stability of the underlying company's host nation. Historically, relations between the U.S. and Chile are favorable. While that might have changed over the past two-and-a-half years, the U.S. still represents a critical trading partner to Chile. * 7 Defense Stocks to Buy to Fortify Your Portfolio When you're dealing with lithium stocks, you're already in a volatile market. With SQM, you can at least take away some political variables. Tesla (TSLA)For some time, Tesla (NASDAQ:TSLA) was one of my favorite tech firms to discuss. Much of my enthusiasm had to do with CEO Elon Musk, a man who consistently thinks out of the box. Click to Enlarge Source: Shutterstock But for owners of TSLA stock, I'm sure many of them wish he would stay in the box occasionally. For all the positives that Tesla delivered to the technological and scientific communities, the CEO made multiple unforced errors.You can take a look at the chart for TSLA stock and see what those errors -- along with a general lack of focus -- have done. It's not pretty.In the spirit of full transparency, I've lost patience with Musk. I also have some questions about the effectiveness of Tesla vehicles.That said, if you want to speculate on lithium and battery stocks, you may want to consider TSLA. Recently, Musk suggested that Tesla may get into the lithium-mining business to support the company's larger-scale growth plans.Out of the crazy things Musk has said recently, this is one that finally makes sense. Although I'm not entirely convinced, commodity bulls may find that this is the perfect turnaround narrative. Panasonic (PCRFY)Speaking strictly from a product fanbase perspective, few companies generate as much buzz as the aforementioned Tesla. I've repeatedly called Elon Musk eccentric, but that same eccentricity inspires him to create aesthetically and technologically stunning cars. However, many folks might not appreciate just how important of a role Panasonic (OTCMKTS:PCRFY) plays in Tesla's success. Click to Enlarge Source: Shutterstock When most people hear the name Panasonic, they immediately think about consumer-electronic devices. While that's very much part of their business and legacy, the company is also shifting heavily toward lithium-based technologies.Panasonic and Tesla developed a strong if somewhat under-appreciated partnership. Notably, Panasonic manufactures Tesla vehicles' lithium-ion batteries at Tesla's vaunted Gigafactory. * 10 Tech Stocks That Are Still Worth Your Time (And Money) More importantly, all signs point to the two companies continuing their relationship into other business ventures. Call it a corporate "bromance" that looks to be a viable opportunity for long-term gains. This idea gets more credibility considering that PCRFY has suffered the same fate as other lithium and battery stocks. PCRFY is down roughly 5% since the year-ago period.But if Tesla manages to get out of its funk, I can see PCRFY tagging along for the ride. Additionally, Panasonic can use its acumen with other key tech-based partnerships.Livent (LTHM)In the entertainment world, audiences look forward to spin-offs to provide further insights into favorite plotlines and characters. But within the investing segment, spin-offs are touch-and-go affairs. Click to Enlarge Source: FlickrJust take a look at Livent (NYSE:LTHM). Formerly the lithium arm of FMC (NYSE:FMC), LTHM stock began life as its own publicly traded entity in October 2018. To put it mildly, results are not favorable, with shares down a whopping 59% since the initial public offering.But much of that pain didn't start until May, when Livent disappointed for its first-quarter earnings report. Management cut its full-year revenue and profit forecasts due to weak demand, particularly for its higher-end lithium products. Even worse, it looks as if there will be a class-action lawsuit tied to the company's IPO.But lithium demand broadly is not going away. From smaller electronics to large batteries, everyone is diving into this sector. Therefore, LTHM stock attracts as a speculative contrarian opportunity. Power Metals (PWRMF)Contrary to what some may believe, not all lithium-mining processes are the same. Currently, the two most popular methods are lithium brines and lithium-cesium tantalum pegmatites or more commonly referred to as "hard rock." Click to Enlarge Source: Shutterstock Lithium brines represent the most popular method to which most lithium stocks are levered. However, the drawback is that the process is vulnerable to weather-related issues.Given that industry demand for the metal is constantly rising, unfavorable weather could severely impact production. To get around this issue, lithium miners are exploring hard rock, which is essentially weather-independent.One mining company that's putting the hard-rock concept to the test is Power Metals (OTCMKTS:PWRMF). With several projects spread around resource-rich Canada, Power Metals aims to be a significant provider of lithium. Plus, the company's geographically stable region is a big positive for PWRMF stock. * 7 Stocks Top Investors Are Buying Now That's the good news. The not-so-great news is that PWRMF is a genuine, over-the-counter penny stock. Shares are down 53% over the past year, which tells you all you need to know. Still, if you're looking for a potentially explosive contrarian play among lithium and battery stocks, Power Metals is it. Just bet carefully and responsibly. Lithium Americas (LAC)Lithium Americas (NYSE:LAC) is a direct but completely speculative gamble on the growth potential of lithium stocks. While LAC earned itself a healthy dose of street cred with its joint venture with Sociedad Quimica y Minera, the company has no production assets. Click to Enlarge Source: Shutterstock That's not necessarily a deal-breaker as it has legitimate plans to attain those assets. Still, you're taking a risk that management will follow through.And while the markets have not been kind to lithium stocks, LAC has already climbed back into gain territory adding more than 18 percent year over year.I believe that analysts' consensus bearishness toward the lithium industry is overplayed. Yes, commodity prices fluctuate year-to-year for various reasons. However, the demand for lithium is broadly trending higher.It's not just electric vehicles and other physically imposing technologies that require lithium. Consider that the burgeoning e-cigarette or vaporizer market requires a healthy lithium supply chain to keep running.So long as the drive for innovation exists, so too will lithium demand. This adds some measure of confidence to the otherwise speculative LAC stock. Galaxy Resources (GALXF)Most direct plays in the lithium sector invariably involve mining stocks. Even in the best circumstances, commodity miners aren't known for their stability and reliability. That said, one of the better ways to help mitigate this risk is to seek companies with diversified portfolios. Galaxy Resources (OTCMKTS:GALXF) is one such example. Click to Enlarge Source: Shutterstock Galaxy's primary claim to fame is its Sal de Vida project, located in northwest Argentina. Situated in what industry experts term the "lithium triangle", the area produces more than 60% of global annual lithium supply.Beyond that, GALXF has projects in its native Australia, as well as Canada. Both regions are geopolitically stable, eliminating a major headache for investors. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Regarding risk factors, you should note that GALXF is now a legitimate penny stock with a share price under $1. During the past year, shares have plummeted over 85%. Some of that is due to the volatility of a relatively new market.Certainly, that's a distraction for Galaxy and other lithium stocks. However, do note that automakers like Toyota (NYSE:TM) could help pick up the slack. Toshiba (TOSBF)Similar to Panasonic, Toshiba (OTCMKTS:TOSBF) is primarily known for its electronic devices, particularly its laptop computers. While their primary businesses are unlikely to change, Toshiba is shifting resources heavily toward lithium technologies. It has already achieved substantial success with high-power, quick-recharging batteries, with more innovations in the pipeline. Click to Enlarge Source: Shutterstock And while TOSBF is a legitimate play on lithium-based battery stocks, its multi-varied product portfolio affords it volatility protection. Shares are up roughly 8% year-to-date, despite taking a severe tumble beginning in May.The other advantage for Toshiba is that the company has suffered from prior missteps. Having taken the ugliness out of the way, the company is on a recovery path.As such, TOSBF offers meaningful exposure to lithium while effectively acting as a hedge. Pilbara (PILBF)Taking a cue from other lithium stocks, Pilbara (OTCMKTS:PILBF) has absorbed a beating. On a YTD basis, PILBF stock is down nearly 24%. Over the trailing 52-week period, the Australian lithium-tantalum miner has dropped a staggering 39%. Click to Enlarge Source: FlickrOf course, this specific mining segment is in a tough spot. While demand is broadly rising, economic tensions between the U.S. and China cloud matters. That conflict has hurt automotive forecasts for EVs, which has deflated sentiment for lithium stocks.Still, despite the ugliness around PILBF stock, I like its potential as a high-risk, high-reward opportunity. Pilbara gets its name from Australia's resource-rich Pilbara region.And the company's Pilgangoora Project sits atop one of the largest lithium-ore deposits in the world. * 7 Dependable Dividend Stocks to Buy A major plus for PILBF is that its key mining project is near established infrastructure. That means it can get its products out to port and feed global demand when it returns.It's a long shot, but PILBF stock features an intriguing narrative, especially at these deflated prices.As of this writing, Josh Enomoto was long TOSBF. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy The post 10 Lithium Stocks to Buy Despite the Market's Irrationality appeared first on InvestorPlace.
Albemarle Corporation (NYSE:ALB), which is in the chemicals business, and is based in United States, saw a...
In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.