ALB - Albemarle Corporation
Chart Events
Price Crosses Moving Average
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 75.75 |
| Open | 76.00 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 75.34 - 79.04 |
| 52 Week Range | 48.89 - 99.40 |
| Volume | 1,071,975 |
| Avg. Volume | 1,297,855 |
| Market Cap | 8.388B |
| Beta (5Y Monthly) | 1.46 |
| PE Ratio (TTM) | 16.54 |
| EPS (TTM) | 4.77 |
| Earnings Date | Aug 05, 2020 |
| Forward Dividend & Yield | 1.54 (2.03%) |
| Ex-Dividend Date | Jun 11, 2020 |
| 1y Target Est | 71.06 |
Fair Value
Related Research
- InvestorPlace
Galaxy Resources Offers a Lithium Rebound Play
Lithium prices have been on a big decline since late 2017. An abundance of supply coming online across the globe has offset what is surging demand for the useful metal from the smartphone, tablet and electric vehicle (EV) end-markets. Alongside this plunge in lithium prices, lithium mining stocks - like Galaxy Resources (OTCMKTS:GALXF) stock - have crumbled.Source: Olivier Le Moal/ShutterStock.com But GALXF stock took off like a rocket ship in May and June. Shares nearly doubled in about a month.Importantly, this huge move in GALXF stock came without a big move in lithium prices. Lithium carbonate spot prices have, instead, kept falling over the past few months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhy, then, did Galaxy Resources stock soar?Because of what could happen to the price of lithium. The stage could be set for a huge rebound, on the back of growing demand and a supply crunch. If that huge rebound in lithium prices materializes, GALXF stock could turn into a muti-bagger over the next few years.Here's a deeper look. Falling Lithium PricesLithium prices appear to be on the cusp of a significant rebound as demand trends accelerate and the supply glut eases. * 7 Utilities Stocks to Buy With Reassuring DividendsLong story short, lithium-ion batteries are at the core of essentially every battery-powered thing in the world. Smartphones. Tablets. Smartwatches. Electric vehicles. They all use lithium-ion batteries, which are superior when compared to traditional battery technology. Lithium-ion batteries charge faster, last longer and have a higher power density (so the batteries can be smaller and lighter - super important for a phone).Consequently, demand for lithium has soared over the past decade. When that soaring demand was not met by soaring supply, lithium prices skyrocketed.Throughout 2016 and 2017, lithium prices more than doubled.But, in late 2017, new mines started to come online and flood the lithium market with more supply than it could handle. And, smartphone demand wavered because of global saturation and EV demand slowed in 2019 as governments cut subsidies.This concurrent surge in supply and wane in demand led to lithium prices falling off a cliff. Lithium mining stocks - like GALXF stock - have followed the price of the battery metal.GALXF stock has dropped about 85% off its early 2018 highs. Surging DemandThanks to the new cars, 5G and the novel coronavirus, lithium prices could again could again double over the next few years.Specifically, EV demand has re-accelerated globally in 2020 - even in the face of a pandemic - because governments across the globe have doubled down on subsidies for clean air vehicles. At the same time, Tesla's (NASDAQ:TSLA) Model 3 is going global. Plus, traditional automakers like Ford (NYSE:F) are set to unveil a slew of new EVs over the next few years. All of these actions imply that global EV demand will only accelerate into 2025.Meanwhile, global smartphone demand should also re-accelerate over the next few years, mostly thanks to the global roll-out of 5G coverage and 5G smartphones. This new technology will spark a multi-year, super-upgrade cycle in smartphones, the likes of which we haven't seen in a long, long time.Also of note, 5G will act as a mega-catalyst for all-things-IoT - and all those things are built on lithium-ion battery technology. Supply CrunchPerhaps most importantly, this surging demand in the smartphone, IoT and EV end-markets over the next few years, will be met with a supply shortage in the lithium market.We have Covid-19 to thank for that.The coronavirus pandemic has, for the moment, killed lithium demand. Lithium prices have collapsed. And the world's biggest lithium producers are postponing and/or canceling new projects.Albemarle (NYSE:ALB), the world's largest lithium company, has significantly delayed expansion plans. Specifically, over the past few quarters, the company has announced plans to delay new projects which would've added about 200,000 tonnes of processing capacity. The 2020 budget has also been cut.Chile's SQM, the world's second-largest producer of lithium, has pushed back its own big expansion plans from late 2020 to late 2021. Australia's Wesfarmers has delayed a final investment decision on its Mount Holland project. China's Tianqi Lithium has postponed commissioning the first phase of its Kwinana project.All in all, producers are cutting back on supply ahead of what will be a demand surge over the next few years.That combination ultimately implies that lithium prices are ready to rebound in a big way. And that's great news for GALXF stock. Galaxy Resources Stock to the Moon?Galaxy Resources is a smaller, lithium mining company with three projects.One of the projects, Mount Cattlin in western Australia, is operational. Another, Sal de Vida in Argentina, is in development, with production targeted for 2022. The third project, James Bay in Canada, is in the exploratory stage and should be in production within five years.In other words, Galaxy Resources is one of the rare lithium mining companies that projects to dramatically expand mining capacity over the next few years.If this dramatic expansion is met with soaring lithium prices, then GALXF stock could soar.Simply consider that when, in 2017, Galaxy Resources had just one operational mine in western Australia and lithium prices were high, GALXF stock was up at $3.50. If lithium prices rebound to or above that level again - a very possible scenario - and Galaxy Resources has two or three operational mines, then it reasons that GALXF stock could soar to $7 or even $10+.But, at the same time, if lithium prices don't rebound and Galaxy Resources keeps expanding production, the company could be in for a world of hurt. Bottom Line on GALXF StockThe best way to look at GALXF stock is as a highly levered play on lithium prices. If lithium prices do rebound with force over the next few years, GALXF stock will soar. If not, this stock could continue on its multi-year decline.I'm optimistic that lithium prices can bottom out over the next few months, and proceed to rebound significantly back to and potentially even above their 2017 highs. This will come on the back of surging smartphone, IoT and EV demand, as well as a supply crunch thanks to the world's biggest suppliers canceling projects amid the Covid-19 pandemic.If that does happen, then GALXF stock will turn into a multi-bagger.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been recognized as one of the best stock pickers in the world by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Galaxy Resources Offers a Lithium Rebound Play appeared first on InvestorPlace.
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- PR Newswire
Albemarle Corporation to release second quarter 2020 earnings results on Wednesday, Aug. 5, 2020
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its second quarter 2020 earnings after the NYSE closes on Wednesday, Aug. 5, 2020.
- Reuters
Chile lithium miners feel heat from exploding coronavirus outbreak, output steady
Chile´s vaunted lithium industry, the world´s second largest, has begun to feel the impact of a runaway coronavirus outbreak nationwide, though top producers SQM and Albemarle said output from their Atacama operations nonetheless remained unscathed. Albemarle, the world´s No.1 miner of the ultralight battery metal, told Reuters in an email Wednesday it planned to immediately shut down its Atacama potash plant for 15 working days in order to comply with restrictions requiring miners cut back staff. Albemarle told Reuters a total of 17 of its Chile-based workers and contractors had been infected with the virus, including 14 who work on the salt flat.
- Insider Monkey
Hedge Funds Are Warming Up To Albemarle Corporation (ALB) Again
In this article you are going to find out whether hedge funds think Albemarle Corporation (NYSE:ALB) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
- Motley Fool
Here's Why Albemarle Gained 24.6% in May
The world's leading lithium producer benefitted from rising confidence about the pace of a possible economic recovery.
- GuruFocus.com
Four Dividend Aristocrats to Consider This Week
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- Zacks
Why Is Albemarle (ALB) Up 33.9% Since Last Earnings Report?
Albemarle (ALB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Thomson Reuters StreetEvents
Edited Transcript of ALB earnings conference call or presentation 7-May-20 1:00pm GMT
Q1 2020 Albemarle Corp Earnings Call
- PR Newswire
Albemarle Corporation to Participate in Deutsche Bank's Virtual 11th Annual Global Industrials & Materials Summit
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Scott Tozier, Chief Financial Officer, Meredith Bandy, Vice President, Investor Relations and Sustainability, and Sharon McGee, Vice President, Investor Relations and Corporate Development, will attend a virtual fireside chat with David Begleiter, Managing Director, Chemicals and Agriculture, at Deutsche Bank on Tuesday, June 9, 2020 at 1:30pm EDT
- Motley Fool
Better Buy: Sociedad Quimica y Minera vs. Albemarle
The big question between these two lithium producers really comes down to the way you like to handle risk.
- Reuters
Lithium producers must wait as pandemic slows electric vehicle revolution
The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. The holdup will result in a shortage of the white metal available for EV batteries when markets rebound, warned industry analysts, executives and consultants.
- Motley Fool
Could Albemarle Be a Millionaire Maker Stock?
Lithium producer Albemarle (NYSE: ALB) is getting hit across its diversified portfolio today. In 2017 investors decided that lithium was a hot commodity, bidding the price higher and higher on the expectation that the world's automobiles would be shifting from gasoline to electricity. Lithium prices rose faster than actual demand for the key battery-making metal.
- PR Newswire
Albemarle Corporation to Participate in Virtual Electric Vehicle Supply Chain Festival from Benchmark Minerals
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Eric Norris, President, Lithium, will speak at the Electric Vehicle Supply Chain Festival from Benchmark Minerals on Thursday, May 28, 2020, at 11am EDT. This virtual conference is a free-to-view festival of expert seminars and conversations on defining subjects for the electric vehicle and lithium ion battery supply chain.
- Motley Fool
The Coronavirus Pandemic Is a Big Headwind for Albemarle
The most significant effects might not be felt until the second half of 2020, but investors might expect them to weigh on the dividend stock for the foreseeable future.
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Dow Jones Falls Over 500 Points on Wednesday
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Albemarle Corp (ALB) Q1 2020 Earnings Call Transcript
Alright, thank you and welcome to Albemarle's first quarter 2020 earnings conference call. Joining me on the call today are Luke Kissam, former Chief Executive Officer; Kent Masters, current Chief Executive Officer; Scott Tozier, Chief Financial Officer.
- Zacks
Albemarle's (ALB) Q1 Earnings Top Estimates, Revenues Lag
Lower sales volumes and pricing hurt Albemarle's (ALB) Lithium segment in Q1.
- Zacks
Albemarle (ALB) Surpasses Q1 Earnings Estimates
Albemarle (ALB) delivered earnings and revenue surprises of 17.65% and -5.02%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- Motley Fool
What Investors Need to Watch When Albemarle Reports Q1 Earnings
All three of the company's business segments are under pressure during the coronavirus pandemic.
- PR Newswire
Albemarle Corporation Announces Dividend
The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable July 1, 2020, to shareholders of record at the close of business as of June 12, 2020.
- Zacks
Albemarle (ALB) to Post Q1 Earnings: What's in the Offing?
The impact of lower prices is expected to reflect in Albemarle's (ALB) Lithium segment margins in Q1.
- Reuters
Lithium developer ioneer forecasts high margins for Nevada project
Australian lithium developer ioneer Ltd on Wednesday forecast production costs for its Nevada lithium mine far below current prices for the white metal, implying large margins once it begins production in 2023. Albemarle Corp is the only current U.S. producer of lithium. On Wednesday, ioneer published the definitive feasibility study for its Rhyolite Ridge lithium and boron project in the northern part of Nevada, forecasting cash costs of about $2,510 per tonne of lithium carbonate.
- Reuters
Chile´s lithium miner SQM warns plans could change as coronavirus hits demand
Chilean miner SQM said on Thursday the coronavirus outbreak had yet to hit its lithium output, but warned it might have to scale back plans for 2020 if a slump continues in demand for the coveted battery metal. The world´s No. 2 miner of lithium had planned to unleash at least $330 million in 2020 to expand production capacity out of Chile´s Atacama salt flat, according to SQM board chairman Alberto Salas. The region is among the world´s richest in lithium.
