CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the third quarter ended September 30, 2024. Third-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, with volumes in Energy Storage and Specialties up 16% and 4%, respectivelyNet loss of ($1.1) billion, or ($9.45) per diluted share attributable to common shareholders, which incl

CHARLOTTE, N.C., Oct. 28, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that its board of directors has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Jan. 2, 2025, to shareholders of record at the close of business as of Dec. 13, 2024. About AlbemarleAlbemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energ

COQUITLAM, BC / ACCESSWIRE / October 28, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that its reverse circulation drilling program has now been completed on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE)(OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine, which recently released a Positive Feasibility Study detailing a 40-year mine life and an after-tax NPV8 of

Decision marks next step in comprehensive review of cost and operating structure CHARLOTTE, N.C., Oct. 7, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the company's new operating structure to adapt to dynamic market conditions. Albemarle's operating structure will transition from two core global business units – Energy Storage and Specialties – to a fully integrated functional model designed to increase agility, deliver significant cost savings and maintain

CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its third-quarter 2024 earnings after the NYSE closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss its third-quarter 2024 results on Thursday, November 7, at 8:00 a.m. ET. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albe

COQUITLAM, BC / ACCESSWIRE / September 26, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid") (TSXV:CELL)(OTCQB:EVKRF)(FRA:W47) is pleased to announce that a reverse circulation drilling program is well under way on the Company's claim block at Silver Peak, Clayton Valley, Esmeralda County, Nevada. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins the western portion of lithium producer Albemarle's (NYSE:ALB) evaporation ponds and is nearby Century Lithium Corp.'s (TSXV:LCE) (OTCQB:CYDVF) proposed 5,430-acre Angel Island Lithium Mine. The Company has completed the drilling of its first hole to a depth of over 870 feet, with the remaining drill

Award recognizes company's high employee satisfaction, revenue growth and sustainability CHARLOTTE, N.C., Sept. 13, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that TIME magazine has named it one of the World's Best Companies in 2024. Albemarle has also been honored for diversity and for how it performs on business issues that matter most to Americans.The list highlights companies with exceptional performance in three key categories: employee satisfaction

Actions include immediate footprint changes to its Kemerton site in Australia, as well as a full review of cost and operating structure CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced it has launched a comprehensive review of its cost and operating structure, as well as immediate asset actions at its Kemerton lithium processing site in Australia. The company is taking these steps to proactively respond to ongoing industry headwinds, particularly in the lithium value chain, so it can preserve long-term competitiveness. 

CHARLOTTE, N.C., July 31, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2024. Second-Quarter 2024 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $1.4 billion, as lower pricing year-over-year was partly offset by Energy Storage volume growth of 37% as new capacity additions rampNet loss of ($188) million, or ($1.96) per diluted share attr

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE:ALB) announces that it has declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable Oct. 1, 2024, to shareholders of record at the close of business as of Sept. 13, 2024. For 30 consecutive years, Albemarle has raised its dividend. About AlbemarleAlbemarle Corporation (NYSE:ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We par

Robert W. Baird downgraded Albemarle from Outperform to Neutral and set a new price target of $85.00 from $102.00 previously

Berenberg downgraded Albemarle from Buy to Hold and set a new price target of $83.00 from $160.00 previously

HSBC Securities downgraded Albemarle from Buy to Hold and set a new price target of $95.00

Wells Fargo downgraded Albemarle from Overweight to Equal Weight and set a new price target of $100.00 from $145.00 previously

Scotiabank downgraded Albemarle from Sector Outperform to Sector Perform and set a new price target of $135.00 from $150.00 previously

Berenberg upgraded Albemarle from Hold to Buy and set a new price target of $160.00 from $130.00 previously

BofA Securities upgraded Albemarle from Neutral to Buy and set a new price target of $156.00 from $137.00 previously

Vertical Research downgraded Albemarle from Buy to Hold and set a new price target of $145.00

Wolfe Research initiated coverage of Albemarle with a rating of Peer Perform

Citigroup downgraded Albemarle from Buy to Neutral and set a new price target of $120.00 from $175.00 previously

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Ketjen Corporation, a leader in catalyst and specialty chemicals manufacturing, today announces the appointment of Henri Tausch to Chief Commercial Officer (CCO) effective June 24, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619765799/en/Henri Tausch, Ketjen Chief Commercial Officer (Photo: Business Wire) In his role as Chief Commercial Officer, Tausch will oversee and advance the company's commercial strategy, and foster key partnerships to accelerate the company's global growth trajectory. "I am honored to join Ketjen and contribute to its continued success," said Henri Tausch "It's inspiring to see Ketjen's dedi

 Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr

CHARLOTTE, N.C., Aug. 2, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2023. Second-Quarter 2023 and Recent Highlights(Unless otherwise stated, all percentage changes represent year-over-year comparisons) Net sales of $2.4 billion, an increase of 60%Net income of $650.0 million, or $5.52 per diluted share, an increase of 60%Adjusted diluted EPS of $7.33, an increase of 112%Adjusted EBITDA of $1.0 billion, an i

CHARLOTTE, N.C. and HOUSTON, June 7, 2023 /PRNewswire/ -- Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity, and health, announced the appointment of Michael J. Simmons to president of its wholly owned subsidiary, Ketjen Corporation, effective today. Simmons succeeds Raphael Crawford who will remain with the company through a transition period.  "Raphael has been instrumental in the formation of Ketjen as a wholly owned subsidiary and we are grateful for his leadership role in this important transition for our people and

CHARLOTTE, N.C., Oct. 31, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE:ALB), a leader in the global specialty chemicals industry, announced today that Karen G. Narwold, executive vice president, chief administrative officer, general counsel, and corporate secretary, will retire from Albemarle effective April 4, 2023. Kristin M. Coleman will join the company as executive vice president, general counsel, and corporate secretary on Nov. 28, 2023. Coleman will report to J. Kent Masters, chairman and CEO. Narwold's retirement follows nearly 13 years as Albemarle's general couns

CHARLOTTE, N.C., Feb. 24, 2022 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its Board of Directors (the "Board") has appointed Ralf H. Cramer to the Board, effective February 21, 2022. Cramer will serve as a member of the Board's Audit & Finance Committee and Health, Safety & Environment Committee. "Ralf brings a wide range of experience from the automotive industry, manufacturing operations, and emerging markets to our Board of Directors," said Albemarle Chairman and CEO Kent Masters. "We welcome

HSBC analyst Santhosh Seshadri downgrades Albemarle (NYSE:ALB) from Buy to Hold and announces $95 price target.

Citigroup analyst Patrick Cunningham maintains Albemarle (NYSE:ALB) with a Neutral and lowers the price target from $137 to $100.

Albemarle (NYSE:ALB) has outperformed the market over the past 20 years by 1.3% on an annualized basis producing an average annual return of 9.67%. Currently, Albemarle has a market capitalization of $11.44 billion. Buying $1000 In ALB: If an investor had bought $1000 of ALB stock 20 years ago, it would be worth $6,381.64 today based on a price of $97.32 for ALB at the time of writing. Albemarle's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and revie

Wells Fargo analyst Michael Sison downgrades Albemarle (NYSE:ALB) from Overweight to Equal-Weight and lowers the price target from $145 to $100.

Whales with a lot of money to spend have taken a noticeably bearish stance on Albemarle. Looking at options history for Albemarle (NYSE:ALB) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 62% with bearish. From the overall spotted trades, 5 are puts, for a total amount of $271,903 and 3, calls, for a total amount of $103,420. What's The Price Target? Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $120.0 for Albemarle over the recent three months. Insights into Volume & Open Interest In today's tra

Keybanc analyst Aleksey Yefremov maintains Albemarle (NYSE:ALB) with a Overweight and lowers the price target from $159 to $151.

UBS analyst Joshua Spector maintains Albemarle (NYSE:ALB) with a Neutral and lowers the price target from $124 to $109.

Albemarle Corporation (NYSE:ALB) shares are trading lower Tuesday after recent analyst actions. Baird maintained an Outperform rating on Albemarle but significantly lowered its price target from $170 to $127. Additionally, Oppenheimer also maintained an Outperform rating on the stock but trimmed its price target to $178 from $188 to reflect spot price movements, with index contracts likely to pressure pricing. The firm noted that with lithium prices returning to declines in June, it sees the possibility of a guidance cut. This led to Oppenheimer lowering its FY24 estimates for revenue, adjusted EBITDA and EPS. ALB Price Action: Albemarle Shares were down by 7.88% at 91.34 at the time

The S&P 500 index climbed to new all-time highs, rising 0.3% during Tuesday’s session, aiming for a potential sixth consecutive positive close and remaining resilient after Fed Chair Jerome Powell‘s testimony before the Senate Banking Committee. Powell used both hawkish tones – stating that it is not yet appropriate to cut rates until greater confidence on the 2% target is achieved – and dovish tones, noting recent progress and warning that a weakening labor market could be a significant factor for a rate cut. Markets are looking ahead with confidence to the upcoming June inflation report, due this Thursday, which could solidify the already high expectations for a rate cut in September

Shares of Helen of Troy Limited (NASDAQ:HELE) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and lowered its FY25 guidance. Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from Benzinga Pro. Helen of Troy shares dipped 30.3% to $62.06 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares jumped 195% to $5.90 after the company announced interim results for extende