Arcadium Lithium (NYSE:ALTM) Upgraded at Royal Bank of Canada

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

Separately, KeyCorp reduced their target price on shares of Arcadium Lithium from $12.00 to $11.00 and set an overweight rating for the company in a research note on Tuesday, April 9th.

Arcadium Lithium Price Performance

ALTM stock opened at 3.36 on Tuesday. The company’s 50-day moving average price is 4.19. The company has a market capitalization of $3.61 billion, a PE ratio of 3.23 and a beta of 1.66. Arcadium Lithium has a 52-week low of 3.10 and a 52-week high of 29.17.

Arcadium Lithium (NYSE:ALTM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported 0.06 EPS for the quarter, topping 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.