Alcoa Corporation (AA)

NYSE: AA · IEX Real-Time Price · USD
40.83
+1.13 (2.85%)
Jul 2, 2024, 4:00 PM EDT - Market closed
2.85%
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]

Industry Aluminum
Sector Materials
IPO Date Nov 1, 2016
Employees 13,600
Stock Exchange NYSE
Ticker Symbol AA
Full Company Profile

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 Statements

Analyst 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.

Price Target
$38.42
(-5.90% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

17 hours ago - Forbes

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...

4 days ago - Business Wire

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...

6 days ago - Business Wire

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...

Other symbols: FCXBVN
11 days ago - Benzinga

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.

Other symbols: FCX
11 days ago - Barrons

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...

21 days ago - Business Wire

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...

22 days ago - Business Wire

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 ...

22 days ago - GlobeNewsWire

The Copper Trade Is Done. Buy These 8 ‘Greenflation' Stocks Instead.

Societe Generale says to consider shares of companies that mine the metal and other materials critical to the clean energy transition.

5 weeks ago - Barrons

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...

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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.

2 months ago - Schwab Network

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.

2 months ago - CNBC Television

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.

2 months ago - Market Watch

Alcoa Corporation Reports First Quarter 2024 Results

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. reports 2024 first quarter results.

2 months ago - Business Wire

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.

Other symbols: RIO
2 months ago - Market Watch

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...

3 months ago - Business Wire

Alcoa Corporation Announces Closing of Inaugural Green Bond Offering

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. announces closing of inaugural green bond offering.

3 months ago - Business Wire

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.

4 months ago - Investopedia

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.

4 months ago - WSJ

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...

4 months ago - Market Watch

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...

4 months ago - Business Wire

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.

4 months ago - Business Wire

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.

4 months ago - Bloomberg Markets and Finance