Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Alcoa, USW members ratify new CBA in Indiana and New York » 16:11
05/18/23
05/18
16:11
05/18/23
16:11
AA

Alcoa

$36.89 /

+0.14 (+0.38%)

Alcoa Corporation…

Alcoa Corporation announced that members of the United Steelworkers have ratified a new collective bargaining agreement that covers employees at its aluminum smelters in the United States. The new three-year agreement master agreement covers approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The prior contract expired on May 15, 2023, and the parties agreed to work under the prior terms until the outcome of the ratification vote by union members.

ShowHide Related Items >><<
AA Alcoa
$36.89 /

+0.14 (+0.38%)

AA Alcoa
$36.89 /

+0.14 (+0.38%)

05/11/23 Credit Suisse
Alcoa upgraded to Outperform from Neutral at Credit Suisse
05/08/23 JPMorgan
Alcoa initiated with an Overweight at JPMorgan
04/25/23 Morgan Stanley
Alcoa price target lowered to $43 from $47 at Morgan Stanley
04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
AA Alcoa
$36.89 /

+0.14 (+0.38%)

AA Alcoa
$36.89 /

+0.14 (+0.38%)

AA Alcoa
$36.89 /

+0.14 (+0.38%)

AA Alcoa
$36.89 /

+0.14 (+0.38%)

Hot Stocks
Alcoa, Emirates Global Aluminum sign long-term alumina supply deal » 16:11
05/15/23
05/15
16:11
05/15/23
16:11
AA

Alcoa

$36.94 /

+1.675 (+4.75%)

Alcoa and Emirates Global…

Alcoa and Emirates Global Aluminum announced a new multi-year agreement for Alcoa to supply EGA with smelter grade alumina. Over the life of the 8-year agreement, which commences in 2024, volume options will allow EGA to procure as much as 15.6 million metric tons of alumina from Western Australia. The supply agreement will represent a significant portion of Alcoa's annual third-party alumina sales. The supply agreement will make Alcoa EGA's largest third-party supplier of alumina. EGA's Al Taweelah alumina refinery in Abu Dhabi met 47 percent of EGA's total alumina needs in 2022. "Alcoa operates the world's largest third-party alumina business with low-carbon processes, and we're proud to be recognized with this significant additional volume from EGA as a leading global producer," said Alcoa President and CEO Roy Harvey. "The agreement is the largest alumina supply contract ever signed between Alcoa and EGA, and it will strengthen the long-term supply relationship between our two companies."

ShowHide Related Items >><<
AA Alcoa
$36.94 /

+1.675 (+4.75%)

AA Alcoa
$36.94 /

+1.675 (+4.75%)

05/11/23 Credit Suisse
Alcoa upgraded to Outperform from Neutral at Credit Suisse
05/08/23 JPMorgan
Alcoa initiated with an Overweight at JPMorgan
04/25/23 Morgan Stanley
Alcoa price target lowered to $43 from $47 at Morgan Stanley
04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
AA Alcoa
$36.94 /

+1.675 (+4.75%)

AA Alcoa
$36.94 /

+1.675 (+4.75%)

AA Alcoa
$36.94 /

+1.675 (+4.75%)

AA Alcoa
$36.94 /

+1.675 (+4.75%)

Hot Stocks
Alcoa reaches tentative agreement with United Steelworkers » 07:25
05/11/23
05/11
07:25
05/11/23
07:25
AA

Alcoa

$36.14 /

-0.375 (-1.03%)

Alcoa announced that it…

Alcoa announced that it has reached a tentative agreement with the United Steelworkers on a new three-year labor agreement for employees at two U.S. locations. The union will now schedule a vote with its members to ratify the proposed contract, the result of extensive negotiations between the company and the United Steelworkers. The proposal will cover approximately 860 active employees at the smelter at Warrick Operations in Indiana and the smelter at Massena Operations in New York. The existing contract was set to expire on May 15, but the parties reached agreement prior to expiration.

ShowHide Related Items >><<
AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

05/11/23 Credit Suisse
Alcoa upgraded to Outperform from Neutral at Credit Suisse
05/08/23 JPMorgan
Alcoa initiated with an Overweight at JPMorgan
04/25/23 Morgan Stanley
Alcoa price target lowered to $43 from $47 at Morgan Stanley
04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

Upgrade
Alcoa upgraded to Outperform from Neutral at Credit Suisse » 04:58
05/11/23
05/11
04:58
05/11/23
04:58
AA

Alcoa

$36.14 /

-0.375 (-1.03%)

Credit Suisse analyst…

Credit Suisse analyst Curt Woodworth upgraded Alcoa to Outperform from Neutral with a $50 price target. The firm also adds the shares as a top pick. The analyst sees London Metal Exchange aluminum prices recovering over the next year as global demand cycles higher. China and Europe supply remains limited by energy constraints and the market will start to award higher scarcity premiums for catalysts around China's eventual capacity cap breach and carbon tax implications, the analyst tells investors in a research note. The firm says Alcoa shares have strong correlation to LME aluminum prices.

ShowHide Related Items >><<
AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

05/08/23 JPMorgan
Alcoa initiated with an Overweight at JPMorgan
04/25/23 Morgan Stanley
Alcoa price target lowered to $43 from $47 at Morgan Stanley
04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
04/20/23 BMO Capital
Alcoa price target lowered to $40 from $45 at BMO Capital
AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

AA Alcoa
$36.14 /

-0.375 (-1.03%)

Initiation
Alcoa initiated with an Overweight at JPMorgan » 05:11
05/08/23
05/08
05:11
05/08/23
05:11
AA

Alcoa

$36.17 /

+1.76 (+5.11%)

JPMorgan analyst Bill…

JPMorgan analyst Bill Peterson initiated coverage of Alcoa with an Overweight rating and $54 price target. Given aluminum's recyclability and light weight, the commodity will play a key role in the energy transition over the next few decades, the analyst tells investors in a research note. In addition, reducing and ultimately removing carbon from the aluminum production process will become a defining theme for primary aluminum production, says the firm. It believes Alcoa will drive operational improvements and benefit from a generally favorable aluminum metal pricing environment in the coming years.

ShowHide Related Items >><<
AA Alcoa
$36.17 /

+1.76 (+5.11%)

AA Alcoa
$36.17 /

+1.76 (+5.11%)

04/25/23 Morgan Stanley
Alcoa price target lowered to $43 from $47 at Morgan Stanley
04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
04/20/23 BMO Capital
Alcoa price target lowered to $40 from $45 at BMO Capital
03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
AA Alcoa
$36.17 /

+1.76 (+5.11%)

AA Alcoa
$36.17 /

+1.76 (+5.11%)

AA Alcoa
$36.17 /

+1.76 (+5.11%)

AA Alcoa
$36.17 /

+1.76 (+5.11%)

Over a month ago
Recommendations
Alcoa price target lowered to $43 from $47 at Morgan Stanley » 07:49
04/25/23
04/25
07:49
04/25/23
07:49
AA

Alcoa

$38.06 /

-0.075 (-0.20%)

Morgan Stanley lowered…

Morgan Stanley lowered the firm's price target on Alcoa to $43 from $47 and keeps an Equal Weight rating on the shares after updating estimates to incorporate the latest company guidance following Q1 earnings and marked to market Q2 commodity prices.

ShowHide Related Items >><<
AA Alcoa
$38.06 /

-0.075 (-0.20%)

AA Alcoa
$38.06 /

-0.075 (-0.20%)

04/21/23 B. Riley
Alcoa price target lowered to $43 from $44 at B. Riley
04/20/23 BMO Capital
Alcoa price target lowered to $40 from $45 at BMO Capital
03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
03/14/23 BMO Capital
Alcoa transferred with a Market Perform rating at BMO Capital
AA Alcoa
$38.06 /

-0.075 (-0.20%)

AA Alcoa
$38.06 /

-0.075 (-0.20%)

AA Alcoa
$38.06 /

-0.075 (-0.20%)

AA Alcoa
$38.06 /

-0.075 (-0.20%)

Recommendations
Alcoa price target lowered to $43 from $44 at B. Riley » 07:53
04/21/23
04/21
07:53
04/21/23
07:53
AA

Alcoa

$40.23 /

-1.005 (-2.44%)

B. Riley analyst Lucas…

B. Riley analyst Lucas Pipes lowered the firm's price target on Alcoa to $43 from $44 and keeps a Neutral rating on the shares post the Q1 results. The company issued a "soft" Q2 outlook with ongoing uncertainty in Western Australia, the analyst tells investors in a research note.

ShowHide Related Items >><<
AA Alcoa
$40.23 /

-1.005 (-2.44%)

AA Alcoa
$40.23 /

-1.005 (-2.44%)

04/20/23 BMO Capital
Alcoa price target lowered to $40 from $45 at BMO Capital
03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
03/14/23 BMO Capital
Alcoa transferred with a Market Perform rating at BMO Capital
02/21/23 Citi
Alcoa upgraded to Buy at Citi on 'bullish' aluminum view
AA Alcoa
$40.23 /

-1.005 (-2.44%)

AA Alcoa
$40.23 /

-1.005 (-2.44%)

AA Alcoa
$40.23 /

-1.005 (-2.44%)

AA Alcoa
$40.23 /

-1.005 (-2.44%)

Recommendations
Alcoa price target lowered to $40 from $45 at BMO Capital » 09:41
04/20/23
04/20
09:41
04/20/23
09:41
AA

Alcoa

$41.23 /

-0.005 (-0.01%)

BMO Capital analyst Katja…

BMO Capital analyst Katja Jancic lowered the firm's price target on Alcoa to $40 from $45 and keeps a Market Perform rating on the shares. The company reported largely in-line adjusted EBITDA, but segment EBITDA missed BMO's estimates on higher aluminum costs, the analyst tells investors in a research note. BMO adds that Alcoa is expected to remain challenged by operational and cost headwinds, coupled with market softness, the analyst tells investors in a research note.

ShowHide Related Items >><<
AA Alcoa
$41.23 /

-0.005 (-0.01%)

AA Alcoa
$41.23 /

-0.005 (-0.01%)

03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
03/14/23 BMO Capital
Alcoa transferred with a Market Perform rating at BMO Capital
02/21/23 Citi
Alcoa upgraded to Buy at Citi on 'bullish' aluminum view
02/21/23 Citi
Alcoa upgraded to Buy from Neutral at Citi
AA Alcoa
$41.23 /

-0.005 (-0.01%)

AA Alcoa
$41.23 /

-0.005 (-0.01%)

AA Alcoa
$41.23 /

-0.005 (-0.01%)

AA Alcoa
$41.23 /

-0.005 (-0.01%)

On The Fly
Fly Intel: After-Hours Movers » 18:31
04/19/23
04/19
18:31
04/19/23
18:31
CALX

Calix

$48.48 /

-0.215 (-0.44%)

, LVS

Las Vegas Sands

$59.34 /

-0.01 (-0.02%)

, FNB

F.N.B.

$11.63 /

+0.235 (+2.06%)

, RLI

RLI Corp.

$134.56 /

+2.695 (+2.04%)

, BANR

Banner Corp.

$52.61 /

+0.73 (+1.41%)

, IBM

IBM

$126.28 /

-1.51 (-1.18%)

, CCI

Crown Castle

$133.56 /

+1.17 (+0.88%)

, LRCX

Lam Research

$491.32 /

-4.51 (-0.91%)

, IPAR

Inter Parfums

$151.48 /

+2.205 (+1.48%)

, FFIV

F5 Networks

$137.27 /

-5.74 (-4.01%)

, ZION

Zions Bancorp

$32.79 /

+2.34 (+7.68%)

, TSLA

Tesla

$180.50 /

-3.785 (-2.05%)

, AA

Alcoa

$41.23 /

-0.905 (-2.15%)

, MCRI

Monarch Casino

$76.76 /

+1.135 (+1.50%)

, EFX

Equifax

$194.91 /

+0.22 (+0.11%)

, WTFC

Wintrust Financial

$73.74 /

+1.96 (+2.73%)

Check out this evening's…

ShowHide Related Items >><<
ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

WTFC Wintrust Financial
$73.74 /

+1.96 (+2.73%)

TSLA Tesla
$180.50 /

-3.785 (-2.05%)

MCRI Monarch Casino
$76.76 /

+1.135 (+1.50%)

LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

IPAR Inter Parfums
$151.48 /

+2.205 (+1.48%)

IBM IBM
$126.28 /

-1.51 (-1.18%)

FNB F.N.B.
$11.63 /

+0.235 (+2.06%)

FFIV F5 Networks
$137.27 /

-5.74 (-4.01%)

EFX Equifax
$194.91 /

+0.22 (+0.11%)

CCI Crown Castle
$133.56 /

+1.17 (+0.88%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

BANR Banner Corp.
$52.61 /

+0.73 (+1.41%)

AA Alcoa
$41.23 /

-0.905 (-2.15%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

02/08/23 Jefferies
Jefferies reveals top broadband plays, sees 5 years of strong growth
01/27/23 Loop Capital
Calix price target raised to $88 from $83 at Loop Capital
01/27/23 Northland
Calix price target lowered to $80 from $85 at Northland
01/27/23 TD Cowen
Calix price target lowered to $78 from $90 at Cowen
LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

04/13/23 Wells Fargo
Las Vegas Sands price target raised to $68 from $65 at Wells Fargo
04/11/23 Roth MKM
Las Vegas Sands initiated with a Buy at Roth MKM
03/13/23 Jefferies
Las Vegas Sands price target raised to $66 from $64 at Jefferies
01/27/23 Argus
Las Vegas Sands upgraded to Buy from Hold at Argus
FNB F.N.B.
$11.63 /

+0.235 (+2.06%)

04/06/23 Raymond James
F.N.B. price target lowered to $15 from $16 at Raymond James
04/03/23 Stephens
F.N.B. initiated with an Overweight at Stephens
12/12/22 Keefe Bruyette
F.N.B. downgraded to Market Perform from Outperform at Keefe Bruyette
10/20/22 Truist
F.N.B. price target raised to $16 from $14 at Truist
RLI RLI Corp.
$134.56 /

+2.695 (+2.04%)

01/27/23 RBC Capital
RLI Corp. price target raised to $136 from $123 at RBC Capital
06/07/22 Raymond James
RLI Corp. initiated with a Market Perform at Raymond James
04/22/22 RBC Capital
RLI Corp. price target raised to $123 from $112 at RBC Capital
BANR Banner Corp.
$52.61 /

+0.73 (+1.41%)

04/06/23 Raymond James
Banner Corp. price target lowered to $60 from $68 at Raymond James
01/23/23 Raymond James
Banner Corp. price target lowered to $68 from $72 at Raymond James
12/28/22 Stephens
Stephens carries over seven stocks to 'Best Ideas' list for 2023
10/21/22 Raymond James
Banner Corp. downgraded to Outperform from Strong Buy at Raymond James
IBM IBM
$126.28 /

-1.51 (-1.18%)

04/13/23 Credit Suisse
IBM price target lowered to $162 from $165 at Credit Suisse
02/06/23 Edward Jones
IBM downgraded to Hold from Buy at Edward Jones
01/31/23 Evercore ISI
IBM removed from 'Tactical Outperform' list at Evercore ISI
01/26/23 BMO Capital
IBM price target raised to $155 from $148 at BMO Capital
CCI Crown Castle
$133.56 /

+1.17 (+0.88%)

04/18/23 Morgan Stanley
Crown Castle price target lowered to $151 from $159 at Morgan Stanley
03/30/23 MoffettNathanson
Crown Castle upgraded to Outperform from Market Perform at MoffettNathanson
01/31/23 RBC Capital
Crown Castle price target raised to $162 from $150 at RBC Capital
01/27/23 TD Cowen
Crown Castle price target raised to $152 from $149 at Cowen
LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

03/13/23 Bernstein
Lam Research downgraded to Market Perform from Outperform at Bernstein
03/09/23 Citi
Citi says HDD storage prices ticking up
03/01/23 KGI Securities
Lam Research upgraded to Outperform from Neutral at KGI Securities
01/31/23 Citi
Citi opens 'positive catalyst watch' on Lam Research
IPAR Inter Parfums
$151.48 /

+2.205 (+1.48%)

04/12/23 DA Davidson
Inter Parfums price target raised to $176 from $158 at DA Davidson
03/23/23 Piper Sandler
Inter Parfums price target raised to $170 from $160 at Piper Sandler
03/03/23 BWS Financial
Inter Parfums price target raised to $172 from $150 at BWS Financial
03/03/23 DA Davidson
Inter Parfums price target raised to $158 from $126 at DA Davidson
FFIV F5 Networks
$137.27 /

-5.74 (-4.01%)

03/06/23 Goldman Sachs
F5 Networks initiated with a Neutral at Goldman Sachs
01/25/23 RBC Capital
F5 Networks price target lowered to $155 from $160 at RBC Capital
01/25/23 Credit Suisse
F5 Networks price target lowered to $166 from $173 at Credit Suisse
01/25/23 Needham
F5 Networks price target lowered to $175 from $200 at Needham
ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

04/12/23 Barclays
Zions Bancorp price target lowered to $37 from $59 at Barclays
04/06/23 JPMorgan
Zions Bancorp price target lowered to $28 from $46 at JPMorgan
04/05/23 Morgan Stanley
Zions Bancorp price target lowered to $34 from $59 at Morgan Stanley
04/05/23 Baird
Baird upgrades Zions Bancorp, says group weakness 'beyond overdone'
TSLA Tesla
$180.50 /

-3.785 (-2.05%)

04/19/23 Barclays
Tesla price cuts 'reinforce questions' of weak demand, says Barclays
04/19/23 RBC Capital
Tesla price target lowered to $217 from $223 at RBC Capital
04/17/23 Wedbush
Tesla's margins the key focus for Q1, says Wedbush
AA Alcoa
$41.23 /

-0.905 (-2.15%)

03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
03/14/23 BMO Capital
Alcoa transferred with a Market Perform rating at BMO Capital
02/21/23 Citi
Alcoa upgraded to Buy at Citi on 'bullish' aluminum view
02/21/23 Citi
Alcoa upgraded to Buy from Neutral at Citi
MCRI Monarch Casino
$76.76 /

+1.135 (+1.50%)

02/15/23 Stifel
Monarch Casino price target raised to $91 from $85 at Stifel
01/18/23 Macquarie
Monarch Casino downgraded to Neutral at Macquarie after 40% rally
01/18/23 Macquarie
Monarch Casino downgraded to Neutral from Outperform at Macquarie
01/11/23 Truist
Monarch Casino price target raised to $95 from $89 at Truist
EFX Equifax
$194.91 /

+0.22 (+0.11%)

03/31/23 Barclays
Equifax price target lowered to $235 from $240 at Barclays
03/22/23 Morgan Stanley
Equifax price target lowered to $190 from $194 at Morgan Stanley
03/16/23 Truist
TransUnion price target lowered to $66 from $74 at Truist
02/10/23 RBC Capital
Equifax price target raised to $205 from $185 at RBC Capital
WTFC Wintrust Financial
$73.74 /

+1.96 (+2.73%)

04/06/23 Raymond James
Wintrust Financial price target lowered to $95 from $110 at Raymond James
03/23/23 Truist
Wintrust Financial price target lowered to $87 from $104 at Truist
03/15/23 UBS
Wintrust Financial assumed with a Neutral at UBS
03/14/23 RBC Capital
Wintrust Financial price target lowered to $95 from $108 at RBC Capital
ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

WTFC Wintrust Financial
$73.74 /

+1.96 (+2.73%)

TSLA Tesla
$180.50 /

-3.785 (-2.05%)

RLI RLI Corp.
$134.56 /

+2.695 (+2.04%)

MCRI Monarch Casino
$76.76 /

+1.135 (+1.50%)

LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

IPAR Inter Parfums
$151.48 /

+2.205 (+1.48%)

IBM IBM
$126.28 /

-1.51 (-1.18%)

FNB F.N.B.
$11.63 /

+0.235 (+2.06%)

FFIV F5 Networks
$137.27 /

-5.74 (-4.01%)

EFX Equifax
$194.91 /

+0.22 (+0.11%)

CCI Crown Castle
$133.56 /

+1.17 (+0.88%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

BANR Banner Corp.
$52.61 /

+0.73 (+1.41%)

AA Alcoa
$41.23 /

-0.905 (-2.15%)

  • 08
    Jun
ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

TSLA Tesla
$180.50 /

-3.785 (-2.05%)

LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

IBM IBM
$126.28 /

-1.51 (-1.18%)

FFIV F5 Networks
$137.27 /

-5.74 (-4.01%)

CCI Crown Castle
$133.56 /

+1.17 (+0.88%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

AA Alcoa
$41.23 /

-0.905 (-2.15%)

ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

WTFC Wintrust Financial
$73.74 /

+1.96 (+2.73%)

TSLA Tesla
$180.50 /

-3.785 (-2.05%)

LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

IPAR Inter Parfums
$151.48 /

+2.205 (+1.48%)

IBM IBM
$126.28 /

-1.51 (-1.18%)

FFIV F5 Networks
$137.27 /

-5.74 (-4.01%)

EFX Equifax
$194.91 /

+0.22 (+0.11%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

AA Alcoa
$41.23 /

-0.905 (-2.15%)

ZION Zions Bancorp
$32.79 /

+2.34 (+7.68%)

TSLA Tesla
$180.50 /

-3.785 (-2.05%)

LVS Las Vegas Sands
$59.34 /

-0.01 (-0.02%)

LRCX Lam Research
$491.32 /

-4.51 (-0.91%)

IBM IBM
$126.28 /

-1.51 (-1.18%)

EFX Equifax
$194.91 /

+0.22 (+0.11%)

CCI Crown Castle
$133.56 /

+1.17 (+0.88%)

CALX Calix
$48.48 /

-0.215 (-0.44%)

AA Alcoa
$41.23 /

-0.905 (-2.15%)

Hot Stocks
Alcoa backs 2023 alumina, aluminum shipment guidance » 16:14
04/19/23
04/19
16:14
04/19/23
16:14
AA

Alcoa

$41.24 /

-0.9 (-2.14%)

The Company "expects…

The Company "expects 2023 total alumina and aluminum shipments to remain unchanged between 12.7 and 12.9 million metric tons, and between 2.5 and 2.6 million metric tons, respectively. As a result of a prolonged annual mine plan approvals process at its Huntly mine, which supplies the Kwinana and Pinjarra refineries, Alcoa began mining lower bauxite grades in April 2023 from areas already permitted under existing approvals. The reduction in grade will extend the ore supply and provide more time to work through the approvals process. The Company expects lower sequential Alumina Segment Adjusted EBITDA of approximately $55 million in the second quarter related to operating the Kwinana and Pinjarra refineries at the lower bauxite grade, which impacts the refineries with higher usages of caustic, energy, and bauxite and results in lower alumina output. Additionally, the Company expects net unfavorable $10 million impacts as seasonal maintenance and costs associated with the Alumar refinery conveyance system recovery are partially offset by improvements in raw materials and energy prices. For the second quarter 2023, the Aluminum Segment Adjusted EBITDA is expected to improve by $30 million on favorable raw materials, volume and lower production costs, partially offset by changes in value added premiums. In addition, the Company expects $5 million to $10 million in unfavorable impacts associated with the Portland smelter partial curtailment. Other expense is expected to be favorable by approximately $30 million sequentially primarily due to the absence of a one-time charge recorded in the first quarter."

ShowHide Related Items >><<
AA Alcoa
$41.24 /

-0.9 (-2.14%)

AA Alcoa
$41.24 /

-0.9 (-2.14%)

03/29/23 Morgan Stanley
Alcoa price target lowered to $47 from $52 at Morgan Stanley
03/14/23 BMO Capital
Alcoa transferred with a Market Perform rating at BMO Capital
02/21/23 Citi
Alcoa upgraded to Buy at Citi on 'bullish' aluminum view
02/21/23 Citi
Alcoa upgraded to Buy from Neutral at Citi
AA Alcoa
$41.24 /

-0.9 (-2.14%)

AA Alcoa
$41.24 /

-0.9 (-2.14%)

AA Alcoa
$41.24 /

-0.9 (-2.14%)

AA Alcoa
$41.24 /

-0.9 (-2.14%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.