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Opinions Lorne Steinberg
AlcoaAABUYOct 07, 2013
Lorne SteinbergOwned
$7.97
Stock price when the opinion was issued
$59.42
As of Jun 18, 2026. Market Open.
non-base metal mining
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Premium contentPAST TOP PICK
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Stockchase Research Editor: Michael O'Reilly This integrated producer of aluminum and the world's largest miner of bauxite is a TOP PICK. Recently reported earnings support a 30% ROE and cash reserves are growing, while the company buys back shares and retires debt. It trades at 10x earnings compared to peers at 21x and is valued at 1.5x book. We recommend placing a stop loss at $31, looking to achieve $60 -- upside of 25%. Yield 0.8% (Analysts’ price target is $78.64)
non-base metal mining
BUY
He sees peak earnings for this company in the $2-$3 range, sometime over the next 5 years. Traditionally, when this happens, it starts to trade at 10-15 times earnings and you end up with a huge winner. You have to have the patience to live through zero earnings periods that we are in right now. A lot of high cost production has come off stream so supply is getting constrained. This should push the price of aluminum up. He sees a big bump in earnings coming by 2016.