Scotiabank Sticks to Their Hold Rating for Arcadium Lithium Plc (ALTM)

In a report released today, Ben Isaacson from Scotiabank maintained a Hold rating on Arcadium Lithium Plc (ALTM – Research Report), with a price target of $6.25. The company’s shares opened today at $4.72.

Isaacson covers the Basic Materials sector, focusing on stocks such as Methanex, Sociedad Quimica Y Minera SA, and Albemarle. According to TipRanks, Isaacson has an average return of 8.6% and a 49.21% success rate on recommended stocks.

In addition to Scotiabank, Arcadium Lithium Plc also received a Hold from Mizuho Securities’s John Roberts CFA in a report issued on May 7. However, on May 8, Loop Capital Markets maintained a Buy rating on Arcadium Lithium Plc (NYSE: ALTM).

The company has a one-year high of $7.27 and a one-year low of $3.67. Currently, Arcadium Lithium Plc has an average volume of 11.54M.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALTM in relation to earlier this year.

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Arcadium Lithium Plc (ALTM) Company Description:

Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, ‘Arcadium Lithium’) today announced the completion of the all-stock merger of equals between Allkem and Livent. The new, combined company is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people’s livesand accelerate the transition to a clean energy future. With roughly U.S.$1.9 billionof combined total revenue in 2022 and a global team of more than 2,600 employees, Arcadium Lithium is one of the largest integrated producers of lithium chemicals in the world.