Alcoa Corporation (AA)

NYSE: AA · IEX Real-Time Price · USD
33.79
+0.58 (1.75%)
At close: Mar 28, 2024, 4:00 PM
33.77
-0.02 (-0.06%)
After-hours: Mar 28, 2024, 7:59 PM EDT
1.75%
Market Cap 5.96B
Revenue (ttm) 10.55B
Net Income (ttm) -651.00M
Shares Out 179.56M
EPS (ttm) -3.65
PE Ratio n/a
Forward PE 100.41
Dividend $0.40 (1.18%)
Ex-Dividend Date Mar 4, 2024
Volume 6,142,648
Open 33.24
Previous Close 33.21
Day's Range 33.20 - 33.97
52-Week Range 23.07 - 42.95
Beta 2.45
Analysts Hold
Price Target 32.25 (-4.56%)
Earnings Date Apr 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 $32.25, which is a decrease of -4.56% from the latest price.

Price Target
$32.25
(-4.56% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

2 days ago - Business Wire

Alcoa Corporation Announces Closing of Inaugural Green Bond Offering

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

7 days 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.

16 days 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.

17 days 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...

17 days 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...

17 days 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.

24 days 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 weeks ago - Bloomberg Markets and Finance

Alcoa Stock Slides After $2.2 Billion Takeover Offer for Alumina—Key Price Levels to Watch

Shares in Alcoa (AA) lost ground in premarket trading Monday after the aluminum producer made a $2.2 billion all-stock offer to buy its Australian joint-venture partner Alumina (AWCMY) in a bid to exp...

4 weeks ago - Investopedia

Alcoa Offers to Buy Australia's Alumina for $2.2 Billion

The deal increases Alcoa's ownership in bauxite mines and alumina refineries.

4 weeks ago - Barrons

AA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Alcoa Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Alcoa Corporation (NYSE: AA) and Alumina Limited is fair to Alcoa shareholders. Upon co...

4 weeks ago - Business Wire

Alcoa Agrees to Acquire Australia's Alumina for $2.2 Billion

Aluminum producer Alcoa has agreed to an all-stock deal to acquire Australia's Alumina that values its equity at some $2.2 billion.

4 weeks ago - WSJ

Alcoa Announces Agreement With Alumina Limited on Terms and Process to Acquire Alumina Limited in All-Stock Transaction

PITTSBURGH--(BUSINESS WIRE)--Alcoa enters agreement on terms & process to acquire Alumina Limited, Alcoa's minority JV partner in Alcoa World Alumina and Chemicals (AWAC).

4 weeks ago - Business Wire

Alcoa Corporation Declares Quarterly Cash Dividend

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corp. Board of Directors declares 1Q dividend of $0.10 per share, payable on March 21, 2024 to stockholders of record on March 5, 2024.

5 weeks ago - Business Wire

Alcoa's President and Chief Executive Officer, William Oplinger to participate in BMO 2024 Global Metals, Mining & Critical Minerals Conference

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) announced today that William F. Oplinger, President and Chief Executive Officer, will present at the BMO Global Metals, Mining & Critical Mine...

5 weeks ago - Business Wire

Alcoa Foundation Partners with Aspen Medical Foundation to Provide Prosthetic Limbs and Specialized Rehabilitation Training in Ukraine

PITTSBURGH--(BUSINESS WIRE)--Alcoa Foundation today announced a partnership with Aspen Medical Foundation to address the urgent and growing need for prosthetics among both civilian and military victim...

7 weeks ago - Business Wire

Alcoa's stock rocked after Trump's threat of high tariffs on Chinese imports

Shares of Alcoa Corp. were suffering their worst day in 10 months amid growing concerns about Donald Trump's plans to start a trade war with China if he is elected president in November.

7 weeks ago - Market Watch

Alcoa Corporation Reports Fourth Quarter and Full Year 2023 Results

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today reported fourth quarter and full year 2023 results that demonstrate progress on key priorities. Financial Results and Highlights M, exce...

2 months ago - Business Wire

Alcoa announces curtailment of Kwinana Alumina Refinery in Western Australia

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning ...

2 months ago - Business Wire

Labaton Sucharow LLP Announces Name Change

NEW YORK--(BUSINESS WIRE)--With great pleasure, we announce that our Firm, Labaton Sucharow LLP, will now be known as Labaton Keller Sucharow LLP. The addition of Chairman Christopher J. Keller to the...

2 months ago - Business Wire

Alcoa Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation plans to announce its fourth quarter and full year 2023 financial results on Wednesday, January 17, 2024, after the close of trading on the New York Stoc...

3 months ago - Business Wire

Alcoa appoints Matt Reed as EVP and Chief Operations Officer

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced that it has appointed Matt Reed as Alcoa's Executive Vice President and Chief Operations Officer, effective January 1, 2024. R...

3 months ago - Business Wire

Alcoa sees ‘benefit' to costs, after government's clarification on tax credit

Aluminum-production giant Alcoa Corp. AA, -1.86% on Monday said it expected a “benefit” to production costs related to two of its smelting facilities in New York and Indiana, after the U.S. government...

3 months ago - Market Watch

Alcoa Welcomes Clarification of Advanced Manufacturing Tax Credit and Updates Fourth Quarter 2023 Outlook

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) welcomes the U.S. Treasury Department's (Treasury) announced guidance on Section 45X of the Advanced Manufacturing Tax Credit, enacted as part...

3 months ago - Business Wire

Alcoa Welcomes Decisions That Support Western Australian Operations

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today welcomed decisions from the Western Australian (WA) Government that will allow the Company to continue bauxite mining and downstream alu...

3 months ago - Business Wire