Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources, her company Hancock Prospecting said on Wednesday, potentially hindering a takeover bid launched by U.S. mining giant Albemarle Corp.
Australian billionaire Gina Rineheart has once again increased her stake in lithium producer Liontown Resources, giving her enough potential to stop the company's takeover by Albemarle for $4.3 billion.
Australian billionaire Gina Rinehart on Tuesday increased her stake in lithium producer Liontown Resources, giving her enough potential to stop the company's takeover by U.S. miner Albemarle for $4.3 billion.
Fintel reports that on October 9, 2023, Wells Fargo maintained coverage of Albemarle (NYSE:ALB) with a Overweight recommendation. Analyst Price Forecast Suggests 71.23% Upside
Fintel reports that on October 9, 2023, RBC Capital reiterated coverage of Albemarle (NYSE:ALB) with a Outperform recommendation. Analyst Price Forecast Suggests 71.23% Upside
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Chile state copper producer Codelco [COBRE.UL] on Friday announced a shakeup to its top leadership, just weeks after a new chief executive took office.
Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday.
Australian billionaire Gina Rinehart is a step closer to being able to block Albemarle's $4.3 billion proposed takeover of Liontown Resources after increasing her stake again in the lithium miner.
Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday.
Investors looking for a steady income stream can consider investing in , i.e., companies with a track record of increasing dividends for at least 25 consecutive years. Colgate-Palmolive ( ) and Albemarle ( ) are two such stocks that can be seen as reliable for income-oriented investors. Also, hedge fund managers have expressed confidence in both stocks by increasing their holdings. Dividend AristocratsNYSE:CLNYSE:ALB Therefore, let’s delve deeper into these two Dividend Aristocrat stocks. Colgate-Palmolive, a consumer products company, has raised its payout for 60 consecutive years, likely making it a good choice for income investors. Also, the company’s strong brand keeps it well-positioned to counter inflation impacts through price adjustments. dividend Furthermore, robust demand for its Oral care and Hill’s Pet Nutrition products should support the company’s top line in the medium-to-long term. Meanwhile, CL stock has a “Very Positive” signal from TipRanks’ Hedge Fund Trading Activity tool. The tool shows that of the company in the last quarter. Our data shows that and were among the hedge fund managers who increased their exposure to Colgate-Palmolive stock. hedge funds bought one million sharesMorningstar Investment Management’s Kunal KapoorGotham Asset Management’s Joel Greenblatt CL stock has received five Buy and five Hold recommendations in the past three months for a Moderate Buy consensus rating. The of $84.70 implies 21.9% upside potential from current levels. average CL stock price target Also, , which suggests that it can beat the overall market from here. CL has an Outperform Smart Score of 9 out of 10 on TipRanks for 29 consecutive years. The company has a strong position in the lithium market with access to top assets. These factors keep ALB well poised to benefit from the high demand for lithium. ALB has increased its dividend Furthermore, ALB stock has a “Very Positive” signal from TipRanks’ Hedge Fund Trading Activity tool. As per the tool, last quarter. and are among the popular hedge fund managers who increased their positions in the stock. hedge funds bought 665,100 shares of this lithium producerCoatue Management’s Philippe LaffontDavid S. Gilreath from Sheaff Brock Investment Advisors ALB stock has received 13 Buys, three Holds, and one Sell recommendation in the past three months for a Moderate Buy consensus rating. Meanwhile, the of $262.53 implies 71.5% upside potential from current levels. . average ALB stock price targetThe stock has a “Perfect 10” Smart Score on TipRanks Dividend stocks, especially those with impressive dividend growth track records, can be considered a safe option for investors during times of market volatility. Moreover, the positive sentiment from hedge fund managers and analysts adds to the overall confidence in CL and ALB shares. Disclosure Colgate-Palmolive Company Is CL Stock a Buy, According to Analysts? Albemarle Corp. Is ALB Stock a Buy, According to Analysts? Ending Note
Investors in Albemarle Corp. (Symbol: ALB) saw new options begin trading today, for the November 24th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ALB options chain for the new November 24th contracts and identified one put and one c
Fintel reports that on October 4, 2023, Citigroup maintained coverage of Albemarle (NYSE:ALB) with a Buy recommendation. Analyst Price Forecast Suggests 70.14% Upside
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Albemarle (ALB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Australian billionaire Gina Rinehart has beefed up her stake in Liontown Resources seeking to have a greater say over the lithium developer's direction as it awaits a takeover offer from Albemarle, a company filing on Tuesday showed.
Australian billionaire Gina Rinehart's Hancock Prospecting has increased stake in lithium miner Liontown Resources, a company filing on Tuesday showed.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Fintel reports that on October 3, 2023, Keybanc maintained coverage of Albemarle (NYSE:ALB) with a Overweight recommendation. Analyst Price Forecast Suggests 65.37% Upside
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Albemarle (ALB), which belongs to the Zacks Chemical - Diversified indus
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Australian billionaire Gina Rinehart's Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by U.S.-based Albemarle for Liontown.
Albemarle (ALB) closed the most recent trading day at $170.04, moving -1.37% from the previous trading session. This change lagged the S&P 500's 0.27% loss on the day. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heav
(RTTNews) - The Securities and Exchange Commission announced Albemarle Corporation has agreed to pay more than $103.6 million to settle the SEC's charges that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the Foreign Corrupt Practices
Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday.
Albemarle Corp will pay more than $218 million, including more than $103 million to financial regulators, to settle a U.S. probe into its scheme to bribe government officials in multiple foreign countries, the Department of Justice said on Friday.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Albemarle Corp. (Symbol: ALB), where a total volume of 16,858 contracts has been traded thus far today, a contract volume which is representative of approximatel
Investors in Albemarle Corp. (Symbol: ALB) saw new options begin trading today, for the November 10th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ALB options chain for the new November 10th contracts and identified one put and one c
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Hancock Prospecting, owned by Australia's richest person Gina Rinehart, said on Tuesday it could help Liontown Resources build its lithium mine, after raising its stake in the developer that has accepted a buyout bid from Albemarle.
Our theme of EV Supplier stocks has been a mixed performer this year, rising by about 4% year-to-date, compared to the S&P 500 which has gained over 17% over the same time frame. This follows a difficult 2022, which saw the theme decline by 21%. Now the macro-environment
Albemarle (ALB) closed the most recent trading day at $168.21, moving -0.43% from the previous trading session. This change lagged the S&P 500's daily loss of 0.23%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Albemarle (ALB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpen
A look at the weighted underlying holdings of the First Trust Materials AlphaDEX Fund (Symbol: FXZ) shows an impressive 10.8% of holdings on a weighted basis have experienced insider buying within the past six months. Albemarle Corp. (Symbol: ALB), which makes up 2.81% of the
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
After Enphase Energy (NASDAQ: ENPH) soared to extreme highs in late 2022, it has been all downhill for the solar power stock in 2023. The company is hitting some speed bumps in its most important markets, and it appears its years of stellar growth are coming to an end. As a resul
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Albemarle (ALB) closed the most recent trading day at $184.58, moving +0.12% from the previous trading session. This change traded in line with S&P 500. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.29%.
Electric vehicle (EV) production is a top priority among automakers this year. However, for miners and refiners of lithium, a key raw ingredient in the manufacture of the big batteries needed in EVs, 2023 has been a story of commodity pricing.
Albemarle, one of the world's top lithium producers, said on Tuesday it reached an early collective bargaining agreement with a union that represents 386 of its workers in Chile.
Albemarle, the world's largest lithium producer, said on Tuesday it has received a grant of $90 million from the U.S. Department of Defense to expand production of the critical raw material for electric-vehicle batteries.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Investors in Albemarle Corp. (Symbol: ALB) saw new options become available today, for the January 2026 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 858 days until expiration the newly available c