Opinions
The Panic-Proof Portfolio (Stockchase Research)
Allkem
AKE-T
TOP PICK
Feb 16, 2023
N/A
Stock price when the opinion was issued
Mining
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
AKE is a $7 billion market cap producer of lithium, based out of Australia. Their main facility in Argentina is hitting record production levels (up 17%), operating with gross cash margins of 90% -- up 23% over the year. They announced plans for a19 year project life facility in Quebec. It trades at under 2x book value and 8x earnings. We recommend a stop-loss at $10, looking to achieve $18 -- upside potential over 50%. Yield 0%
(Analysts’ price target is $18.46)