Alcoa Corporation (AA)
Market Cap | 7.33B |
Revenue (ttm) | 10.48B |
Net Income (ttm) | -672.00M |
Shares Out | 179.56M |
EPS (ttm) | -3.76 |
PE Ratio | n/a |
Forward PE | 32.54 |
Dividend | $0.40 (0.98%) |
Ex-Dividend Date | May 20, 2024 |
Volume | 3,886,092 |
Open | 39.89 |
Previous Close | 39.70 |
Day's Range | 39.85 - 41.15 |
52-Week Range | 23.07 - 45.48 |
Beta | 2.46 |
Analysts | Hold |
Price Target | 38.42 (-5.9%) |
Earnings Date | Jul 17, 2024 |
About AA
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ... [Read more]
Financial Performance
In 2023, Alcoa's revenue was $10.55 billion, a decrease of -15.26% compared to the previous year's $12.45 billion. Losses were -$651.00 million, 429.3% more than in 2022.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for AA stock is "Hold." The 12-month stock price forecast is $38.42, which is a decrease of -5.90% from the latest price.
News
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Up 17% This Year, Will Alcoa Stock Gain Further Following Q2 Earnings?
Alcoa is expected to publish its Q2 2024 results around July 17, reporting on a quarter that saw aluminum prices pick up notably. Alcoa stock has fared well this year, rising by 17% since early Januar...
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Alcoa Announces Agreement on Industrial-Scale Demonstration of ELYSIS™ Carbon-Free Smelting Technology
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced further progress on ELYSIS technology with Rio Tinto's plans to launch the first industrial-scale demonstration of the breakth...
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Alcoa Schedules Second Quarter 2024 Earnings Release and Conference Call
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) plans to announce its second quarter 2024 financial results on Wednesday, July 17, 2024, after the close of trading on the New York Stock Exch...
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Copper Shortages Signal Bright Future For Freeport-McMoRan, Alcoa, Buenaventura: Morgan Stanley
Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc FCX, Alcoa Corp AA, and Compañía de Minas Buenaventura SAA BVN to Overweight, citing persistent copper supply challenges and pos...
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Buy Freeport-McMoRan, Alcoa Stocks to Bet on Copper, Aluminum, Says Analyst
Morgan Stanley analyst Carlos De Alba upgraded both aluminum producer Alcoa and copper miner Freeport-McMoRan stock to Buy from Hold. EVs and HVACs will drive up the metals' prices.
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Alcoa Provides Update on Transaction Milestones for Acquisition of Alumina Limited
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA or “Alcoa”) today announced that it has reached several key milestones in its acquisition of Alumina Limited (“Alumina”) and expects the transa...
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Alcoa Executive Vice President and Chief Financial Officer Molly Beerman to participate in JP Morgan 2024 Energy, Power & Renewables Conference
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a webcast session at the JP Morgan 2024 Energy, Power & Renewab...
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Great Quest Announces Name Change
VANCOUVER, British Columbia, June 10, 2024 (GLOBE NEWSWIRE) -- Great Quest Fertilizer Ltd. (TSX-V: GQ) (“Great Quest” or the “Company”) announces its intention to change its name to “Great Quest Gold ...
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Alcoa Announces Update on Acquisition of Alumina Limited
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. (NYSE: AA or “Alcoa”) today announced it has entered into a Deed of Amendment and Restatement (the “Amendment”) of the Scheme Implementation Deed previously an...
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Alcoa Corporation Declares Quarterly Cash Dividend
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock, to be pai...
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Alcoa President and Chief Executive Officer William Oplinger to Participate in BofA Securities 2024 Global Metals, Mining & Steel Conference
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a webcast session at the Bank of America Global Metals, Mining & Steel Conf...
Alcoa (AA) EVP & CFO on Aluminum Prices' Impact on Earnings
Alcoa's (AA) 1Q adjusted EPS came in at -$0.81 and revenue came in at $2.60B. EVP and CFO Molly Beerman joins Diane King Hall to give an overview of the company and discuss its recent earnings.
We're seeing strong demand growth in aluminum across all major markets: Alcoa CEO William Oplinger
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
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Alcoa's first-quarter loss widens on lower prices, higher costs
Alcoa AA posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.
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Alcoa Corporation Reports First Quarter 2024 Results
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. reports 2024 first quarter results.
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Aluminum, nickel prices surge after fresh sanctions on Russian metals
Prices for aluminum and nickel soared in London on Monday, and Alcoa shares jumped, following the ban on fresh trading of Russian-origin metals by U.S. and U.K. authorities over the weekend.
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Alcoa Schedules First Quarter 2024 Earnings Release and Conference Call
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its first quarter 2024 financial results on Wednesday, April 17, 2024, after the close of trading on the New York Stock Exchange. The p...
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Alcoa Corporation Announces Closing of Inaugural Green Bond Offering
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. announces closing of inaugural green bond offering.
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Alcoa Finalizes Deal To Acquire Alumina Limited for $2.2 Billion
Alcoa (AA), one of the world's largest aluminum producers, has finalized a deal to acquire Alumina Limited (AWCMY) for an estimated $2.2 billion.
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Alumina Signs Binding Agreement on $2.2 Billion Alcoa Takeover
Alumina said its independent nonexecutive directors and CEO recommend shareholders vote in favor of the proposed takeover.
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Alcoa inks binding deal to acquire Australia's Alumina for $2.2 billion
Alcoa said it has agreed to acquire Alumina in a deal that values the Australian company's equity at roughly $2.2 billion, concluding weeks of talks over a offer that will help to cement the U.S. comp...
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Alcoa Enters into Binding Agreement to Acquire Alumina Limited
PITTSBURGH--(BUSINESS WIRE)--Alcoa (NYSE: AA or “Alcoa”) today announced that it has entered into a binding Scheme Implementation Deed (the “Agreement”) with Alumina Limited (ASX: AWC), under which Al...
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Amring Pharmaceuticals Inc. Announces Name Change to Nordic Pharma, Inc. Under New Nordic Group, B.V. Ownership
BERWYN, Pa.--(BUSINESS WIRE)--Amring Pharmaceuticals Inc. announces name change to Nordic Pharma, Inc. under new Nordic Group, B.V. ownership on March 4, 2024.
Alcoa Makes $2.2 Billion Bid for Australian Joint-Venture Partner
Alcoa offered $2.2 billion to acquire its Australian joint-venture partner Alumina to consolidate ownership of key upstream assets. Simone Foxman reports on Bloomberg Television.