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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & Revenue
DividendsOwnershipTechnicals
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
KALU
KAISER ALUMINUM CORP
$1.53B$3.02B$220.20M$55.90M$3.48-8.21%13.62%N/A-9.49%
CSTM
CONSTELLIUM SE
$3.04B$7.54B$666.67M$126.88M$1.74-13.38%2.83%23.67%-2.41%2024-05-02
CENX
CENTURY ALUMINUM CO
$1.67B$2.19B$52.50M-$43.10M-$0.47-21.31%2.91%N/AN/A2024-06-03
AA
ALCOA CORP
$6.62B$10.55B$277.00M-$651.00M-$3.65-15.26%-4.67%N/AN/A2024-05-10
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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 38, which is 13 points higher than the aluminum industry average of 25. It passed 13 out of 38 due diligence checks and has average fundamentals. Kaiser Aluminum has seen its stock return 63.26% over the past year, overperforming other aluminum stocks by 16 percentage points.

Kaiser Aluminum has an average 1 year price target of $77.00, a downside of -18.88% from Kaiser Aluminum's current stock price of $94.92.

Kaiser Aluminum stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Kaiser Aluminum, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% 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 8 points higher than the aluminum industry average of 25. It passed 11 out of 33 due diligence checks and has average fundamentals. Constellium Se has seen its stock return 46.6% over the past year.

Constellium Se has an average 1 year price target of $25.40, an upside of 22.71% from Constellium Se's current stock price of $20.70.

Constellium Se stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Constellium Se, 80% have issued a Strong Buy rating, 20% 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 -7 points lower than the aluminum industry average of 25. It passed 6 out of 33 due diligence checks and has weak fundamentals. Century Aluminum Co has seen its stock return 119.68% over the past year, overperforming other aluminum stocks by 73 percentage points.

Century Aluminum Co has an average 1 year price target of $13.00, a downside of -27.66% from Century Aluminum Co's current stock price of $17.97.

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 3.24%, which is 1 percentage points higher than the aluminum industry average of 2.16%. 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 88.5% indicates that its dividend yield is sustainable for the long-term.

2. Alcoa (NYSE:AA)


Alcoa (NYSE:AA) has an annual dividend yield of 1.08%, which is -1 percentage points lower than the aluminum industry average of 2.16%.

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 4.96% in the last day, and up 4.18% over the last week.

We couldn't find a catalyst for why aluminum stocks are up.

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 29, which is 11 points higher than the aluminum industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Kaiser Aluminum's stock has gained 63.26% in the past year. It has overperformed other stocks in the aluminum industry by 16 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 11 points higher than the aluminum industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Constellium Se's stock has gained 46.6% in the past year. It has performed in line with other stocks in the aluminum industry.

Are aluminum stocks a good buy now?

50% of aluminum stocks rated by analysts are a buy right now. On average, analysts expect aluminum stocks to fall by -11.96% 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 -4.12x.
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