Alcoa (AA, Financial) experienced a significant stock price increase of 5.01%, reaching $35.82 per share. The trading volume was 2.625 million shares, with a turnover rate of 1.02% and a price fluctuation of 4.28%. Recent financial reports reveal that Alcoa achieved revenue of $11.895 billion, a net profit of $60 million, and earnings per share of $0.28. The company's gross profit stood at $1.209 billion, with a price-to-earnings ratio of 137.65.
In terms of institutional ratings, 67% of the 15 participating institutions recommend buying Alcoa stock, while 33% suggest holding. No institutions have advised selling. Within the aluminum industry, where Alcoa operates, the overall stock increase is 2.24%. Alcoa, along with Constellium SE and Kaiser Aluminum, showed notable gains. Alcoa, Century Aluminum, and Kaiser Aluminum were particularly active, with turnover rates of 1.02%, 0.45%, and 0.17% respectively. Century Aluminum, Alcoa, and Constellium SE exhibited significant price fluctuations of 5.67%, 4.31%, and 2.56% respectively.
Alcoa is a vertically integrated aluminum company involved in bauxite mining, alumina refining, and aluminum production. It is the world's largest bauxite miner and alumina refiner, and the eighth-largest aluminum producer. Alcoa's profitability is closely tied to commodity prices in the aluminum supply chain. The company pioneered large-scale aluminum production in the 1880s with the Hall-Heroult process. Alcoa refocused on mining, smelting, and refining in 2016 and acquired the remaining 40% stake in AWAC in 2024, consolidating its refining and smelting assets.
