BMO raises Albemarle PT on higher production forecast

Albemarle

15/12/2025 14:15

** Brokerage BMO Capital Markets raises price target on Lithium miner Albemarle ALB.N to $145 from $136

** The new PT represents an upside of 9.2% to the stock's last close

** Brokerage says Lithium has been best performing trade in the second-half of the year

** Expects ALB to outperform market expectations in 2026 because of higher lithium production from the Greenbushes mine in Australia

** Expects Lithium prices to go higher, but modest "price recovery" thereafter

** 9 of 27 brokerages rate the stock "buy" or higher, 16 "hold" and 2 "sell"; their median PT is $110

** As of last close, stock up 54.2% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))