LTHM Stock Recent News

Third-quarter revenue declined 9% year over year, significantly missing the 18% growth Wall Street had expected. Adjusted earnings per share rose 7%, falling short of the 12% increase analysts had projected.

Shares of Livent Corp. LTHM, -0.34% dropped more than 4% in the extended session Tuesday after the lithium-ore miner missed Wall Street expectations for its third quarter and lowered its guidance for the year. Livent earned $87.4 million, or 42 cents a share, in the quarter, compared with $77.6 million, or 37 cents a share, in the year-ago quarter.

Lithium producer Livent Corp posted a 13% increase in quarterly profit on Tuesday but cut its annual revenue and earnings forecast, citing sluggish sales volumes thus far this year.

Livent (LTHM) is expected to have benefited from higher volumes in Q3 amid headwinds from weaker prices and higher costs.

The rally in lithium stocks hasn't materialized. In fact, right now investors who started a long position in the last 12 months are sitting on losses.

The latest trading day saw Livent (LTHM) settling at $15.30, representing a -1.92% change from its previous close.

Lithium chemical spot prices and spodumene prices were slightly lower the past month. Citi short-term forecast is for lithium carbonate price to fall to US$18,000/t. Lithium market news - Argentina mulls charging lithium miners contribution. "Incredible lithium price spike" on way as new chemical capacity drives demand, says Brinsden. Lithium company news - Albemarle withdraws offer to acquire Liontown Resources. Ganfeng starts construction of US$250M lithium processing plant in Nigeria. Lithium Americas split finalizes to form LAC and LAAC.

A range of lithium stocks are trending lower today as investors digest some key analyst ratings. Shares of Albermarle (NYSE: ALB ) and Livent (NYSE: LTHM ) declined around 2% each as of 2 p.m.

Piper Sandler analyst Charles Neivert downgraded both Albemarle and Livent stock to Hold from Buy, and slashed his price targets.

Livent Corporation is seeing a 20% year-to-date stock price decline, despite growth potential in the booming EV and lithium market. The company's growth strategy includes capacity expansion and next-gen compounds, aligning with the electrification market's needs. While lithium prices have faced pressure, analysts still see potential in LTHM, offering an attractive risk/reward ratio and a potential for substantial returns in the long term.