Alcoa Corporation which can be found using ticker (AA) now have 11 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between $65.00 and $40. calculating the average target price we see $52.00. Given that the stocks previous close was at $40.23 and the analysts are correct then we can expect a percentage increase in value of 29.3%. Also worth taking note is the 50 day moving average now sits at $44.37 while the 200 day moving average is $45.77. The company has a market capitalization of $7,175m. Visit the company website at: https://www.alcoa.com
The potential market cap would be $9,274m based on the market consensus.
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 three segments: Bauxite, 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 ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.
The company has a dividend yield of 0.97% with the ex dividend date set at 6-3-2023 (DMY).
