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Best Aluminum Stocks to Buy Now (2024)
Top aluminum stocks in 2024 ranked by overall Zen Score. See the best aluminum stocks to buy now, according to analyst forecasts for the aluminum industry.

Industry: Aluminum
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
KALU
KAISER ALUMINUM CORP
NASDAQ
Aluminum
$1.42B$88.83-0.36%$206.50M30.11x2.48
CSTM
CONSTELLIUM SE
NYSE
Aluminum
$3.08B$21.01-0.66%$681.52M9.20x4.50
CENX
CENTURY ALUMINUM CO
NASDAQ
Aluminum
$1.65B$17.757.71%$52.50M-37.77x4.23
AA
ALCOA CORP
NYSE
Aluminum
$6.57B$36.573.89%$277.00M-10.02x1.96
1

Aluminum Stocks FAQ

What are the best aluminum stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best aluminum stocks to buy right now are:

1. Kaiser Aluminum (NASDAQ:KALU)


Kaiser Aluminum (NASDAQ:KALU) is the top aluminum stock with a Zen Score of 34, which is 10 points higher than the aluminum industry average of 24. It passed 12 out of 38 due diligence checks and has average fundamentals. Kaiser Aluminum has seen its stock return 32.58% over the past year, overperforming other aluminum stocks by 8 percentage points.

Kaiser Aluminum has an average 1 year price target of $73.50, a downside of -17.26% from Kaiser Aluminum's current stock price of $88.83.

Kaiser Aluminum stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Kaiser Aluminum, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Constellium Se (NYSE:CSTM)


Constellium Se (NYSE:CSTM) is the second best aluminum stock with a Zen Score of 33, which is 9 points higher than the aluminum industry average of 24. It passed 11 out of 33 due diligence checks and has average fundamentals. Constellium Se has seen its stock return 45.5% over the past year, overperforming other aluminum stocks by 21 percentage points.

Constellium Se has an average 1 year price target of $26.00, an upside of 23.75% from Constellium Se's current stock price of $21.01.

Constellium Se stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Constellium Se, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Century Aluminum Co (NASDAQ:CENX)


Century Aluminum Co (NASDAQ:CENX) is the third best aluminum stock with a Zen Score of 18, which is -6 points lower than the aluminum industry average of 24. It passed 6 out of 33 due diligence checks and has weak fundamentals. Century Aluminum Co has seen its stock return 83.94% over the past year, overperforming other aluminum stocks by 59 percentage points.

Century Aluminum Co has an average 1 year price target of $13.00, a downside of -26.76% from Century Aluminum Co's current stock price of $17.75.

Century Aluminum Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Century Aluminum Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the aluminum stocks with highest dividends?

Out of 2 aluminum stocks that have issued dividends in the past year, the 2 aluminum stocks with the highest dividend yields are:

1. Kaiser Aluminum (NASDAQ:KALU)


Kaiser Aluminum (NASDAQ:KALU) has an annual dividend yield of 3.47%, which is 1 percentage points higher than the aluminum industry average of 2.28%. Kaiser Aluminum's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Kaiser Aluminum's dividend has shown consistent growth over the last 10 years.

Kaiser Aluminum's dividend payout ratio of 104.4% indicates that its dividend yield might not be sustainable for the long-term.

2. Alcoa (NYSE:AA)


Alcoa (NYSE:AA) has an annual dividend yield of 1.09%, which is -1 percentage points lower than the aluminum industry average of 2.28%.

Alcoa's dividend payout ratio of -11% indicates that its dividend yield might not be sustainable for the long-term.

Why are aluminum stocks up?

Aluminum stocks were up 1.35% in the last day, and down -3.25% over the last week. Century Aluminum Co was the among the top gainers in the aluminum industry, gaining 7.71% yesterday.

Shares of metals stocks are trading higher following sanctions banning the delivery of Russian metals on the London Metal Exchange.

What are the most undervalued aluminum stocks?

Based on WallStreetZen's Valuation Score, the 2 most undervalued aluminum stocks right now are:

1. Kaiser Aluminum (NASDAQ:KALU)


Kaiser Aluminum (NASDAQ:KALU) is the most undervalued aluminum stock based on WallStreetZen's Valuation Score. Kaiser Aluminum has a valuation score of 43, which is 21 points higher than the aluminum industry average of 22. It passed 3 out of 7 valuation due diligence checks.

Kaiser Aluminum's stock has gained 32.58% in the past year. It has overperformed other stocks in the aluminum industry by 8 percentage points.

2. Constellium Se (NYSE:CSTM)


Constellium Se (NYSE:CSTM) is the second most undervalued aluminum stock based on WallStreetZen's Valuation Score. Constellium Se has a valuation score of 29, which is 7 points higher than the aluminum industry average of 22. It passed 2 out of 7 valuation due diligence checks.

Constellium Se's stock has gained 45.5% in the past year. It has overperformed other stocks in the aluminum industry by 21 percentage points.

Are aluminum stocks a good buy now?

50% of aluminum stocks rated by analysts are a hold right now. On average, analysts expect aluminum stocks to fall by -13.73% over the next year.

What is the average p/e ratio of the aluminum industry?

The average P/E ratio of the aluminum industry is -4.46x.
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