Carlos De Alba from Morgan Stanley sets a price target of $52 for Alcoa Corporation (NYSE: AA), indicating a potential upside of 14.16%.Alcoa trades at a 50% discount to the sector median EV/EBITDA, suggesting room for growth as market conditions improve.Institutional investors, including Federated Hermes Inc. and Arrow Capital Pty Ltd, have increased their stakes in Alcoa, reflecting confidence in the company's future.Alcoa Corporation (NYSE: AA) is a leading player in the industrial products sector, prima ...

Mining Equities 2026 Outlook: Copper Bulls Mixed demand outlook – focus on supply constraints & stock catalysts In 2025, most mining equities delivered healthy returns and outperformed equity benchmarks; but unlike previous broad-based upcycles (post GFC/ Covid), in our view sector performance was predominantly driven by gold and copper; these commodities supported a rally in silver/ PGM/aluminium prices while ferrous metals and energy were flat/down. In 2026, we expect copper, aluminium and lithium to outp ...

Alcoa Corporation (NYSE:AA) is included among the 13 Best Blue Chip Stocks to Buy Under $50. JPMorgan Lifts Alcoa (AA) Target to $45 in 2026 Metals Outlook On December 5, JPMorgan raised its price target on Alcoa Corporation (NYSE:AA) to $45 from $35 as part of the firm’s broader 2026 outlook for North American metals and mining companies. The firm kept a Neutral rating on the shares. Alcoa Corporation (NYSE:AA)’s third-quarter earnings showed a modest improvement as revenue rose 3% from the same period ...

According to the ASX website, over the last five days, the index has gained 0.73% and is currently 4.58% off of its 52-week high.ASX 200: Top gainers and losersIn contrast, several companies experienced declines. Catapult Sports Ltd (CAT) fell to 4.220, down -0.130 (-2.989%). Neuren Pharmaceuticals Limited (NEU) declined to 19.010, a decrease of -0.580 (-2.961%). Austal Limited (ASB) dropped to 6.230, reflecting a fall of -0.190 (-2.960%). Lovisa Holdings Limited (LOV) eased to 29.940, down -0.860 (-2.793% ...

Core Insights - The article introduces Kroata Capital as a new contributing analyst for Seeking Alpha, inviting others to share investment ideas and gain exposure [1] Group 1 - The finance professional has over four years of experience in the alternative investment industry, focusing on private capital finance, fund accounting, NAV analysis, and portfolio performance reporting [2] - The analyst emphasizes a long-term investment approach supported by strong fundamentals and disciplined analysis, inspired by notable investors like Jim Simons, Warren Buffett, and Steve Cohen [2] - The professional holds a master's degree in finance and banking, along with a bachelor's in accounting, and aims to share market insights and investment strategies through Seeking Alpha [2]

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However, year to date, it has recorded a respectable gain of 5.63%, reflecting steady performance over the longer term.How major ASX indices performedThe S&P/ASX 20 index closed at 4,728.0, gaining 43.9 points or 0.94%, marking a strong daily performance. The S&P/ASX 50 index ended at 8,252.9, up 48.3 points or 0.59%, reflecting continued positive momentum. Adding to the upward trend, the S&P/ASX 100 index settled at 7,170.7, advancing 27.5 points or 0.39%, while the S&P/ASX 300 index rose to 8,573.1, with ...

Question-and-Answer SessionI guess I will leave time at the end if there's any questions in the room. But just to start. So Molly, you guys just held your Investor Day a few weeks ago. I think one of the themes was how much progress the company has made since Bill Oplinger has moved into the CEO role. Could you maybe give us an overview there of what's -- because Alcoa has been very busy over the last couple of years, give us an overview of like what's gone on.Molly BeermanExecutive VP & CFO Thanks, Alex, a ...

Alcoa (NYSE:AA) 2025 Conference Summary Company Overview - **Company**: Alcoa - **Event**: Citi Basic Materials Conference - **Date**: December 03, 2025 Key Points Company Progress and Achievements - Alcoa has made significant progress since Bill Uplinger became CEO, including securing IRA benefits worth approximately $60 million under Section 45X [3][4] - The company completed the acquisition of Alumina Limited and executed a $645 million profitability program ahead of schedule [4] - Alcoa successfully resolved a tax dispute with the Australian tax office, resulting in a claim exceeding $700 million [4] - The company is focused on operational strength and commercial excellence, which has positively impacted both Alcoa and its customers [5] Financial Position - Alcoa's net adjusted debt target is between $1 billion and $1.5 billion, with a current debt level of approximately $1.6 billion [6] Aluminum Market Outlook - The global aluminum market is balanced, with regional deficits in North America and Europe, while China continues to import alumina [8] - Strong growth is anticipated in key markets such as transportation (including electric vehicles), construction, packaging, and electrical sectors [9][10] Transition from Copper to Aluminum - There is a slow transition from copper to aluminum in various applications due to the need for reengineering and quality assessments [12] Tariffs and Pricing - Alcoa has benefited from U.S. tariffs, with U.S. production offsetting margin compression from Canadian operations [17] - The company pays over $900 million annually in tariffs, and a preferred rate could significantly reduce this cost [19] - The Midwest premium for aluminum is currently around 80 cents, which influences the pricing dynamics in the U.S. market [13] Scrap Market and Recycling - Alcoa does not see significant competition between primary and secondary aluminum production, as both are expected to grow in tandem [25] Energy Costs and Contracts - Alcoa has long-term energy contracts for over 65% of its smelters, which helps mitigate risks associated with rising power costs [30] - The company is negotiating power contracts well in advance of expiration to secure favorable rates [31] Future Growth and Portfolio Management - Alcoa is focused on disciplined growth, looking for opportunities that leverage operational strengths and meet customer needs [57] - The company is exploring asset sales between $500 million and $1 billion, particularly targeting former smelter sites for data center development [59][60] Elysis Joint Venture - Alcoa is actively involved in the Elysis joint venture, which is currently undergoing its first commercial scale cell trial [63] CBAM Impact - The Carbon Border Adjustment Mechanism (CBAM) will be effective in January 2026, with predictions of higher premiums due to carbon costs [68] - Alcoa is well-positioned due to its low carbon profile and ability to source materials within Europe [70] Fourth Quarter Guidance - Alcoa anticipates a strong fourth quarter, with an increase in tariff costs by $10 million to $15 million due to higher LME prices and increased shipments to the U.S. [73] Additional Insights - Alcoa's strategic focus on sustainability and compliance with environmental regulations is evident in its operations and future plans [46][51] - The company is committed to enhancing its recycling capabilities and responding to government requests for critical mineral supply [52][54]

Core Insights - The market continues to undervalue cyclical sectors such as Energy and Financials, despite their strong cash generation and solid business models [1][8] - Deep value opportunities are concentrated in capital-intensive sectors, with Energy, Financials, and Materials showing significant cash flow generation [9] Energy Sector - Equinor (EQNR) ranks first with an Acquirer's Multiple (AM) of 2.3 and a 12.0% free cash flow yield, indicating strong cash flow generation and low leverage [2] - Petrobras (PBR) is highlighted as one of the cheapest large caps globally, with an AM of 4.3 and a 27.0% dividend yield, suggesting that the stock is undervalued due to political concerns rather than operational performance [3] Financial Sector - Synchrony Financial (SYF) has an AM of 2.6 and a 9.2% shareholder yield, yet it trades as if a severe credit downturn is imminent, indicating a significant valuation disconnect [4] Materials Sector - Alcoa (AA) shows an AM of 6.3 and a 4.8% free cash flow yield, with potential for upside as the market currently prices in prolonged weakness in industrial metals [6] Defensive Value - Regulated and essential-service businesses are providing predictable earnings and stable distributions, offering defensive value in a market focused on growth [7] Macro Context - Despite soft macro sentiment, companies in Energy, Financials, and Materials are producing record free cash flow and maintaining low leverage, suggesting that market fears regarding credit stress and commodity peaks are overstated [8]