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

Royal Bank of Canada upgraded shares of Arcadium Lithium (NYSE:ALTM) to a moderate buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Separately, KeyCorp decreased their price objective on Arcadium Lithium from $12.00 to $11.00 and set an overweight rating on the stock in a research note on Tuesday, April 9th.

Arcadium Lithium Price Performance

ALTM stock opened at 3.36 on Tuesday. Arcadium Lithium has a fifty-two week low of 3.10 and a fifty-two week high of 29.17. The business’s fifty day moving average price is 4.19. The company has a market cap of $3.61 billion, a P/E ratio of 3.23 and a beta of 1.66.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings results on Tuesday, May 7th. The company reported 0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.03 by 0.03. The business had revenue of 261.20 million during the quarter, compared to the consensus estimate of 269.60 million.

About Arcadium Lithium

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.