ALCOA CORP: ARGUS RESEARCH INCREASES TARGET PRICE FROM $45 TO $67
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy AA?
Source: moomoo
- Company Update: ALCOA Corp has received a research rating upgrade from Argus Research.
- Target Price Increase: The target price for ALCOA shares has been raised to $67 from a previous $45.
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Analyst Views on AA
Wall Street analysts forecast AA stock price to fall
10 Analyst Rating
6 Buy
2 Hold
2 Sell
Moderate Buy
Current: 60.510
Low
33.00
Averages
46.00
High
58.00
Current: 60.510
Low
33.00
Averages
46.00
High
58.00
About AA
Alcoa Corporation is a vertically integrated aluminum company comprised of bauxite mining, alumina refining, aluminum production (smelting and casting), and energy generation. The Company’s operations are comprised of two business segments: Alumina and Aluminum. The Alumina segment primarily consists of its bauxite mines and alumina refineries, which generally include the mining of bauxite and other aluminous ores, as well as the refining, production, and sale of smelter grade and non-metallurgical alumina. The alumina produced by this segment is sold to internal and external aluminum smelter customers; a portion of the alumina is sold to external customers who process it into industrial chemical products. The Aluminum segment consists of the Company’s aluminum smelting and casting operations along with the Company’s energy production assets in Brazil, Canada, and the United States. It has direct and indirect ownership of 26 operating locations across nine countries on six continents.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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