Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, 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, casting, and rolling 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; and flat-rolled aluminum sheets to customers that produce beverage and food cans. In addition, it owns hydro power plants that produce and sell electricity to 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 1888 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 2016
Exchange: NYSE
Website: alcoa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2024 | $48.00 | Hold → Buy | Argus |
| 10/17/2024 | $41.00 → $50.00 | Neutral → Buy | B. Riley Securities |
| 10/1/2024 | $43.00 → $52.00 | Neutral → Buy | BofA Securities |
| 9/25/2024 | $32.00 → $36.00 | Neutral | JP Morgan |
| 9/4/2024 | $36.00 | Peer Perform → Outperform | Wolfe Research |
| 8/12/2024 | $32.00 → $38.00 | Sell → Buy | UBS |
| 8/2/2024 | Underperform → Peer Perform | Wolfe Research | |
| 6/21/2024 | $36.50 → $50.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/22/2024 | $28.50 → $36.50 | Underweight → Equal-Weight | Morgan Stanley |
| 1/16/2024 | $29.00 | Sell | UBS |
10-K - Alcoa Corp (0001675149) (Filer)
SCHEDULE 13G - Alcoa Corp (0001675149) (Subject)
8-K - Alcoa Corp (0001675149) (Filer)
8-K - Alcoa Corp (0001675149) (Filer)
10-Q - Alcoa Corp (0001675149) (Filer)
8-K - Alcoa Corp (0001675149) (Filer)
SD - Alcoa Corp (0001675149) (Filer)
8-K - Alcoa Corp (0001675149) (Filer)
10-Q - Alcoa Corp (0001675149) (Filer)
8-K - Alcoa Corp (0001675149) (Filer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
4 - Alcoa Corp (0001675149) (Issuer)
SC 13G - Alcoa Corp (0001675149) (Subject)
SC 13G - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
SC 13G - Alcoa Corp (0001675149) (Subject)
SC 13G/A - Alcoa Corp (0001675149) (Subject)
Alcoa Corporation (NYSE:AA, ASX: AAI)) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock and Series A convertible preferred stock, to be paid on March 20, 2025 to stockholders of record as of the close of business on March 4, 2025. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people, and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process
Alcoa Corporation (NYSE:AA, ASX: AAI)) today reported fourth quarter and full year 2024 results that demonstrate significant improvements in financial performance on continued strength in alumina and aluminum pricing and considerable advances in operational stability. Financial Results and Highlights M, except per share amounts 4Q24 3Q24 FY24 FY23 Revenue $ 3,486 $ 2,904 $ 11,895 $ 10,551 Net income (loss) attributable to Alcoa Corporation $ 202 $ 90 $ 60 $ (651
Alcoa Corporation (NYSE:AA, ASX: AAI)) plans to announce its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the fourth quarter and full year 2024 financial results on January 22, 2025, at 5:00 p.m. EST (January 23, 2025, at 9:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com. The fourth quarter and full year 2024 earnings press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X ha
Alcoa Corporation (NYSE:AA, ASX: AAI)) today announced that it has joined the World Economic Forum's First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050. First Suppliers Hub is a database of global final product and value chain suppliers created by the First Movers Coalition; both the First Movers Coalition (FMC) and First Suppliers Hub are within the World Economic Forum. Members of FMC set a target that at least 10 percent of their annual primary aluminum procurement volumes meet or exceed the Coalition's definition for low-carbon primary aluminum. FMC defines low-carbon as
Alcoa Corporation (NYSE:AA, ASX: AAI))) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items. Financial Results and Highlights M, except per share amounts 3Q24 2Q24 3Q23 Revenue $ 2,904 $ 2,906 $ 2,602 Net income (loss) attributable to Alcoa Corporation $ 90 $ 20 $ (168 ) Income (loss) per share attributable to Alcoa Corporation common shareholders1 $ 0.38 $ 0.11 $ (0.94 ) Adjusted net income (loss) $
Alcoa Corporation (NYSE:AA, ASX: AAI))) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock and Series A convertible preferred stock, to be paid on November 15, 2024 to stockholders of record as of the close of business on October 29, 2024. About Alcoa Corporation Alcoa (NYSE:AA, ASX: AAI))) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people, and courageous leadership, our purpose is to Turn Raw Potential into Real Progress.
Alcoa Corporation (NYSE:AA, ASX: AAI))) plans to announce its third quarter 2024 financial results on Wednesday, October 16, 2024, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the third quarter financial results on October 16, 2024, at 5:00 p.m. EDT (October 17, 2024, at 8:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com. The third quarter earnings press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X handle @Alcoa at www.X.com/Alcoa. Conference Call Infor
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 and Series A convertible preferred stock, to be paid on August 29, 2024, to stockholders of record as of the close of business on August 12, 2024. In connection with the Company's acquisition of Alumina Limited, the Series A convertible preferred stock was created and will be issued at the closing of that transaction, expected on August 1, 2024. About Alcoa Corporation Alcoa (NYSE:AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. Wit
Alcoa Corporation (NYSE:AA) today reported results for the second quarter 2024 consistent with the Company's previously announced preliminary results that reflect sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and aluminum prices, along with continued progress on profitability improvement programs. Financial Results and Highlights M, except per share amounts 2Q24 1Q24 2Q23 Revenue $ 2,906 $ 2,599 $ 2,684 Net income (loss) attributable to Alcoa Corporation $ 20 $
Stockholders Indicate Strong Support Alcoa Corporation (NYSE:AA) ("Alcoa" or the "Company") today announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited ("Alumina") by way of a scheme of arrangement ("Scheme"). Approximately 99 percent of Alcoa shares present at the Special Meeting of Stockholders today voted in favor of the issuance of shares of Alcoa stock in connection with the transaction. Final voting results will be reported on a Form 8-K that the Company will file with the U.S. Securities and Exchange Commission within four b
Argus upgraded Alcoa from Hold to Buy and set a new price target of $48.00
B. Riley Securities upgraded Alcoa from Neutral to Buy and set a new price target of $50.00 from $41.00 previously
BofA Securities upgraded Alcoa from Neutral to Buy and set a new price target of $52.00 from $43.00 previously
JP Morgan resumed coverage of Alcoa with a rating of Neutral and set a new price target of $36.00 from $32.00 previously
Wolfe Research upgraded Alcoa from Peer Perform to Outperform and set a new price target of $36.00
UBS upgraded Alcoa from Sell to Buy and set a new price target of $38.00 from $32.00 previously
Wolfe Research upgraded Alcoa from Underperform to Peer Perform
Morgan Stanley upgraded Alcoa from Equal-Weight to Overweight and set a new price target of $50.00 from $36.50 previously
Morgan Stanley upgraded Alcoa from Underweight to Equal-Weight and set a new price target of $36.50 from $28.50 previously
UBS initiated coverage of Alcoa with a rating of Sell and set a new price target of $29.00
Alcoa Corporation (NYSE:AA, ASX: AAI)) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of the Company's common stock and Series A convertible preferred stock, to be paid on March 20, 2025 to stockholders of record as of the close of business on March 4, 2025. About Alcoa Corporation Alcoa is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people, and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process
Alcoa Corporation President and Chief Executive Officer William F. Oplinger will participate in a live webcast session at the BMO Global Metals, Mining & Critical Minerals Conference in Hollywood, Florida, on February 25, 2025. At 9:30 a.m. EST, Oplinger will participate in a question-and-answer session regarding Alcoa's business and outlook in the current market, including factors that could affect the present quarter's financial results. A slide presentation, to be used in connection with the conference and investor meetings will be available on the "Investors" section of Alcoa's website, www.alcoa.com, beginning at approximately 7:00 a.m. EST on Monday, February 24, 2025. A live au
Alcoa Corporation (NYSE:AA, ASX: AAI)) today reported fourth quarter and full year 2024 results that demonstrate significant improvements in financial performance on continued strength in alumina and aluminum pricing and considerable advances in operational stability. Financial Results and Highlights M, except per share amounts 4Q24 3Q24 FY24 FY23 Revenue $ 3,486 $ 2,904 $ 11,895 $ 10,551 Net income (loss) attributable to Alcoa Corporation $ 202 $ 90 $ 60 $ (651
Company, Governments, and Partner Continue Progress to Support Complex's Future Today, Alcoa Inespal SL, a subsidiary of Alcoa Corporation (NYSE:AA, ASX: AAI)) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group along with the Spanish National Government and the Xunta de Galicia, announced that they have entered into a Memorandum of Understanding (MoU) to support the continuation of San Ciprián operations. "Today, Alcoa Inespal, IGNIS EQT, the Government of Spain and the Government of Galicia took an important step forward together in improving the long-term outlook for San Ciprián," said Alcoa's Global Vice President Energy Álvaro Dorado Baselga. "We
Alcoa Corporation (NYSE:AA, ASX: AAI)) plans to announce its fourth quarter and full year 2024 financial results on Wednesday, January 22, 2025, after the close of trading on the New York Stock Exchange. Alcoa will host a conference call to discuss the fourth quarter and full year 2024 financial results on January 22, 2025, at 5:00 p.m. EST (January 23, 2025, at 9:00 a.m. AEDT). The call will be webcast live via Alcoa's website, www.alcoa.com. The fourth quarter and full year 2024 earnings press release with financial results, and a related presentation, will be available on the "Investors" section of Alcoa's website, www.alcoa.com. A link to the press release will also be on Alcoa's X ha
Alcoa Corporation (NYSE:AA, ASX: AAI)) today announced that it has joined the World Economic Forum's First Suppliers Hub, a global repository of innovative suppliers providing materials needed to support the ambition of industrial decarbonization in the world by 2050. First Suppliers Hub is a database of global final product and value chain suppliers created by the First Movers Coalition; both the First Movers Coalition (FMC) and First Suppliers Hub are within the World Economic Forum. Members of FMC set a target that at least 10 percent of their annual primary aluminum procurement volumes meet or exceed the Coalition's definition for low-carbon primary aluminum. FMC defines low-carbon as
Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in a live webcast session at the Citi 2024 Basic Materials Conference in New York City, New York on Wednesday, December 4, 2024. At 10:15 a.m. EST, Beerman will participate in a question-and-answer session regarding Alcoa's business and outlook in the current market, including factors that could affect the present quarter's financial results. A slide presentation, to be used in connection with the conference and investor meetings will be available on the "Investors" section of Alcoa's website, www.alcoa.com, beginning at approximately 7:00 a.m. EST on Wednesday, December 4, 2024. A
Alcoa Corporation (NYSE:AA, ASX: AAI))) welcomes the U.S. Treasury Department's final regulations on the Section 45X Advanced Manufacturing Production Credit, enacted as part of the Inflation Reduction Act (IRA). As recognized by the Administration, Section 45X is an important tool for shoring up domestic manufacturing of critical materials, including commercial-grade aluminum from Alcoa's U.S. smelters in Newburgh, Indiana, and Massena, New York. The aluminum produced at these facilities plays a crucial role in multiple domestic manufacturing segments including clean energy, automotive, aerospace and building materials. Alcoa is pleased that the Treasury Department included some direct a
Alcoa Corporation (NYSE:AA, ASX: AAI))) today reported results for the third quarter 2024 that reflect the acquisition of Alumina Limited in addition to sequential increases in net income, adjusted net income and Adjusted EBITDA excluding special items. Financial Results and Highlights M, except per share amounts 3Q24 2Q24 3Q23 Revenue $ 2,904 $ 2,906 $ 2,602 Net income (loss) attributable to Alcoa Corporation $ 90 $ 20 $ (168 ) Income (loss) per share attributable to Alcoa Corporation common shareholders1 $ 0.38 $ 0.11 $ (0.94 ) Adjusted net income (loss) $
Agreement Would Leverage Experience of Both Leaders and Cooperation from Key Stakeholders Today, Alcoa Corporation (NYSE:AA, ASX: AAI))) and IGNIS Equity Holdings, SL (IGNIS EQT), the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain, announced that they are progressing toward entering into a strategic cooperation agreement (the "partnership") to support the continued operation of Alcoa's San Ciprián operations. Under the proposed agreement, Alcoa would contribute €75 million, and IGNIS EQT would make an initial investment of €25 million to fund the operations. Alcoa would continue as the managing operator of the San Ciprián operat
Alcoa Corporation (NYSE:AA, ASX: AAI))) today announced a transition in its Investor Relations leadership, appointing Louis Langlois, senior vice president, Treasury and Capital Markets effective September 1, 2024. Mr. Langlois will assume responsibility for the Company's investor relations and pension investment functions from Jim Dwyer, vice president, Investor Relations and Pension Investments, who will retire on September 1 after more than 30 years of service. Mr. Langlois is currently senior vice president and treasurer. He will continue to report to Executive Vice President and Chief Financial Officer Molly Beerman. "Louis will extend the strong relationships he currently has with o
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231220861728/en/Matt Reed, Alcoa Corporation's new EVP and Chief Operations Officer effective January 1, 2024. (Photo: Business Wire) Reed, who will be based in Western Australia, will lead Alcoa's global operations, including bauxite mines, alumina refineries, and aluminum smelters. He will be accountable for operational excellence, focusing on safety, environmental management, productivity, cost management, and lon
William F. Oplinger, Current EVP and COO, Appointed President, CEO and Director Roy C. Harvey Becomes Strategic Advisor to CEO Alcoa Corporation (NYSE:AA) (the "Company") announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230925107514/en/William F. Oplinger (Photo: Business Wire) Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief Executive Officer until December 31, 2023. Oplinger, 56, has served as t
Plan supports continued focus on cost, operational excellence, innovation Alcoa Corporation (NYSE:AA) today announced a restructuring of its Executive Leadership Team to further improve the Company's rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, 2023, will include the reassignment of responsibilities for two existing members of the Executive Leadership Team and the appointment of a new Chief Financial Officer. William F. Oplinger, currently Executive Vice President (EVP) and Chief Financial Officer, will become EVP and Chief Operations Officer. Molly Beerman, currently Senior Vice President and Controller, has been appointed EVP and
Alcoa Corporation (NYSE:AA) today announced the appointment of a Chief Commercial Officer and a Chief Strategy Officer to its Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220114005361/en/Kelly Thomas (Photo: Business Wire) Renato Bacchi, 45, is being promoted to Executive Vice President and Chief Strategy Officer, effective February 1, 2022. Bacchi, currently Senior Vice President of Corporate Development and Treasurer, will oversee global strategy, corporate and business development, energy, non-operated joint ventures, and the Company's Transformation business, which is focused on managing curtailed