Alcoa (AA)
Mine-to-metal producer spanning bauxite, alumina, primary aluminum and energy.
Something off on this page? Send us feedback.
Mines bauxite, refines alumina, and smelts and casts aluminum through the Alumina and Aluminum segments. Most alumina output is sold to third parties, while the integrated chain also supplies internal smelters; pricing tracks metal, alumina, regional-premium and power markets.
Runs a mine-to-metal system through the Alumina and Aluminum segments. Alumina mines bauxite, refines it into alumina and sells most output to third parties; Aluminum smelts and casts primary metal while also managing energy assets.
Operations extend beyond the United States across Australia, Brazil, Spain and other markets. The integrated chain links internal alumina supply with commodity and value-add ingot sold into transportation, construction, packaging, wire and other industrial uses.
Portfolio execution has concentrated the business on upstream and primary-metal assets, including full ownership of AWAC after the Alumina Limited acquisition. Pricing depends on aluminum and alumina benchmarks, regional premiums and power markets. Mining approvals, energy systems, site remediation, labor, safety and transaction approvals shape operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Wells Fargo | Reiterate | Rating: —Target: $72 | Target: $60 |
| Jul 22, 2026 | Argus Research | Reiterate | Rating: —Target: $73 | Target: $55 |
| Jul 9, 2026 | Wells Fargo | Reiterate | Rating: —Target: $70 | Target: $72 |
| Jul 8, 2026 | Morgan Stanley | Downgrade | Target: $79 | Target: $53 |
| Jul 1, 2026 | Morgan Stanley | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.35B · Total debt $2.23B · Total assets $16.85B · Shareholders' equity $7.37B
- Revenue
- $3.97B
- Operating income
- $718.0M
- Net income
- $407.0M
HistoryDividendAnnual yield
| Institutions | 78.48% | 207.11M shares | |
|---|---|---|---|
| 775 holders · as of Jun 30, 2026 | |||
| Insiders | 0.45% | 1.19M shares | |
| 21 holders · as of Sep 17, 2026 | |||
| Other | 21.07% | 55.61M shares | |
| remainder | |||
263.91M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.11% | 29.32M | as of Jun 30, 2026 |
FMR LLCInstitution | 6.44% | 17.00M | as of Jun 30, 2026 |
Allan Gray Australia Pty Limited ("AGAPL")Institution | 6.06% | 15.99M | filed Nov 14, 2024 |
Vanguard Portfolio Management LLCInstitution | 4.92% | 13.00M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.52% | 11.93M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | Renato Bacchi | officer: EVP & Chief Commercial Officer | −700 | $51.02 |
| Aug 27, 2026 | Tammi A. Jones | officer: EVP & CHRO | −15,628 | $50.60 |
| Aug 17, 2026 | Andrew Hastings | officer: EVP & Gen. Counsel | −6,000 | $50.90 |
| Jul 22, 2026 | Matthew T. Reed | officer: EVP, Chief Operations Officer | −4,600 | $46.82 |
- Rio Tinto (ADR)
Full-chain rival in bauxite, alumina and primary aluminum
- Century Aluminum
Primary aluminum rival in standard-grade metal and value-added castings
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alcoa | $45.50 | +1.93% | $11.79B | 9.1 | 8.1 | 0.9 | +31.4% |
| Rio Tinto (ADR) | $96.91 | −0.14% | $157.69B | 13.2 | — | 2.6 | +57.4% |
| Century Aluminum | $39.78 | +1.74% | $3.87B | 6.8 | 3.5 | 1.5 | +19.7% |
| Median | 10.0 | 3.5 | 2.0 | +38.6% |