TOP PICK
Are best known for their lithium business; lithium used in nearly all EV batteries so is in high demand. They have many long-life deposits in Chile, Nevada and Australia, plus a fleet of facilities to convert that into batteries. Lithium prices are up 3x in the past year. Trades at 11x forward earnings vs. 24x historic. EVs are a long-term driver. (Analysts’ price target is $314.38)
Mining

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RISKY BUY
Allan Tong’s Discover Picks Lithium shares are another story: they are speculative. Like many precious metals, lithium wakes a lot of time, sweat and money to extract. One of the leaders in this space, Albemarle, boasts a chart that is not a straight upward line like the price of lithium, but a rollercoaster, ranging from $157.82 to $291.48 in the past year. ALB has been a little more stable in the past month, ranging between $230 and $260 (broadly speaking). What’s working in ALB’s favour, though, are recent earnings estimates: $2.65 EPS this quarter, which is 197.75% higher than a year ago, and $12.63 full-year or 2.21.62% from a year ago. Last month, the company raised its full-year 2022 adjusted EBITDA up more than 160% over 2021. Lithium demand and pricing is catching up to the stock price. Read 3 rock stars of the mineral stocks for our full analysis.
Mining
SELL ON STRENGTH
Lithium stocks rocketed from mid-2020 to late-2021. Stocks have fallen but not lithium itself which tripled in 2021 and added another 130% so far this year, up 800% since end-2020. Lithium stocks are reporting earnings and reflecting that price, so shares are starting to climb. Even if the economy slows down, the demand for lithium batteries will continue to rise. There's no shortage of lithium, but extracting it takes a long time and a lot of capital. The two main players are Livent and Albemarle. Albemarle is a diversified chemical and lithium play (42% of net sales). Shares are a rollercoaster with them down until their quarter which reported a huge EPS beat and hiked their full-year forecast from $5.65-6.65 to $9.25-12.25. Shares jumped almost 10% the next day, then another 9%, and flat since then in a bear market. Take profits, because this boom won't last forever.
Mining
DON'T BUY
Recommends people look at share price to understand trends of lithium buying. Current stock price makes it hard to justify buying the stock. Commodity of Lithium not going away and could be a major opportunity. Avoid buying as a long term hold.
Mining
DON'T BUY
It became stock associated with Tesla (and lithium). Hasn't been following it. He won't look at this until global conditions improve.
Mining
PAST TOP PICK

(A Top Pick March 21/17. Up 7.88%.) This had a wonderful run, running to $144. He runs Stop/Losses on his positions, and got taken out at $130. The lithium stocks were wonderful performers last year. They've had some correction recently, and there has been some discussion about more supply coming into the market.

Mining
TOP PICK

The largest producer of lithium. When we talk about electrification, electric vehicles, more tablets, smart phones, etc. lithium batteries are going to be in relatively high demand. Demand growth is forecast to be 10% a year for the next decade, and that is even using some relatively conservative assumptions about electric vehicle penetration. Given that this is the largest producer and a very low-cost producer, they should be able to bank very significant cash flow over the course of the next 5-10 years, but governments can very significantly influence adoption. Dividend yield of 0.9%. (Analysts’ price target is $137.)

Mining
PAST TOP PICK

(A Top Pick Oct 3/16. Up 35%.) This is firing on all cylinders. The lithium market is a market that is underappreciated, both from the constraint/supply side and the expectations on the demand side. Lithium is very much an Asian story, and probably is why this company has been undervalued for quite some time. Still a Buy.

Mining
TOP PICK

The dominant player in lithium. He believes we are going to continue to see movement to electric cars. The company makes both types of lithium that go into all the major batteries that are being sold. They’ll triple production over the next 5 years. Model 3 is about to come from Tesla. They are becoming mass market and as you run into the beginning of a mine production, share prices tend to do well. It has twice the margin that Tesla will ever have. This will be a growth stock for many years, and they think they can maintain 50% of the market. Dividend yield of 1.2%. (Analysts’ price target is $115.00.)

Mining
PAST TOP PICK

(A Top Pick June 28/16. Up 20.83%.) Lithium. Last quarter they completed the transaction of one of their processing plant businesses in China, so they have a little bit of a war chest now, and he expects them to go out and buy a lithium producers, possibly in Australia. He still likes this and feels the price of lithium will continue to go up as the demand for electrification continues. Still a Buy.

Mining
PAST TOP PICK

(A Top Pick June 28/16. Up 8.70%.) A company that is transitioning from almost a specialty chemical type of area into lithium. Lithium has been one of the hot sectors in the mining world, and there have been countless numbers of lithium companies showing up on the TSX, but this is the largest and the best positioned. Since he recommended this, they have bought a processing plant to convert the lithium carbonate into its commercial form in China.

Mining
TOP PICK

This is his long-term story. Lithium and the electrification of everything has real staying power. They sold a good chunk of their specialty chemical side off a couple of quarters or so. Expects them to continue to invest primarily in lithium brines, but also processing. Dividend yield of 1.44%.

Mining
TOP PICK

The biggest in the lithium space. He is not super excited about base metals, but is very positive on precious metals. Last quarter their earnings exploded to the upside. They want to be the dominant player in lithium. Just sold their chemicals business. Expects they will make some more acquisitions. The thesis of this selection is electric cars.

Mining
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Albemarle Corp(ALB-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 3

Stockchase rating for Albemarle Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Albemarle Corp(ALB-N) Frequently Asked Questions

What is Albemarle Corp stock symbol?

Albemarle Corp is a American stock, trading under the symbol ALB-N on the New York Stock Exchange (ALB). It is usually referred to as NYSE:ALB or ALB-N

Is Albemarle Corp a buy or a sell?

In the last year, 3 stock analysts published opinions about ALB-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Albemarle Corp.

Is Albemarle Corp a good investment or a top pick?

Albemarle Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Albemarle Corp.

Why is Albemarle Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Albemarle Corp worth watching?

3 stock analysts on Stockchase covered Albemarle Corp In the last year. It is a trending stock that is worth watching.

What is Albemarle Corp stock price?

On 2022-12-02, Albemarle Corp (ALB-N) stock closed at a price of $284.28.