Arcadium Lithium (NYSE:ALTM) Lifted to “Moderate Buy” at Royal Bank of Canada

Arcadium Lithium (NYSE:ALTM) was upgraded by equities researchers at Royal Bank of Canada to a “moderate buy” rating in a research note issued on Tuesday, Zacks.com reports.

Separately, KeyCorp lowered their target price on Arcadium Lithium from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th.

Arcadium Lithium Stock Up 12.2 %

Shares of NYSE:ALTM opened at 3.58 on Tuesday. The business’s 50-day simple moving average is 4.21. The firm has a market cap of $3.85 billion, a P/E ratio of 3.44 and a beta of 1.66. Arcadium Lithium has a 12-month low of 3.10 and a 12-month high of 29.17.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings data on Tuesday, May 7th. The company reported 0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.03 by 0.03. The business had revenue of 261.20 million for the quarter, compared to analyst estimates of 269.60 million.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.