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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 & RevenueDividendsOwnershipTechnicals
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SMA 10
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KALU
KAISER ALUMINUM CORP
$91.85215,56819.95%90.7390.9483.2074.4472.0257.7463.0569.3052.4057.182.242.61-0.381.34
CSTM
CONSTELLIUM SE
$19.741,047,97647.62%20.5021.1020.6319.7718.5638.1221.9929.0716.5724.10-0.24-0.04-0.211.73
CENX
CENTURY ALUMINUM CO
$16.012,919,166120.17%17.5217.2414.1812.469.9646.8146.2159.9312.8721.500.811.10-0.291.58
AA
ALCOA CORP
$34.257,945,9290.27%35.9436.0432.4430.9429.7346.5542.2058.4933.3343.840.791.15-0.361.55
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Aluminum Stocks FAQ

What are the best aluminum stocks to buy right now in May 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 35, which is 9 points higher than the aluminum industry average of 26. It passed 12 out of 38 due diligence checks and has average fundamentals. Kaiser Aluminum has seen its stock return 44.42% over the past year, overperforming other aluminum stocks by 14 percentage points.

Kaiser Aluminum has an average 1 year price target of $77.00, a downside of -16.17% from Kaiser Aluminum's current stock price of $91.85.

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 30, which is 4 points higher than the aluminum industry average of 26. It passed 10 out of 33 due diligence checks and has average fundamentals. Constellium Se has seen its stock return 38.04% over the past year, overperforming other aluminum stocks by 7 percentage points.

Constellium Se has an average 1 year price target of $25.40, an upside of 28.67% from Constellium Se's current stock price of $19.74.

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 27, which is 1 points higher than the aluminum industry average of 26. It passed 9 out of 33 due diligence checks and has average fundamentals. Century Aluminum Co has seen its stock return 86.81% over the past year, overperforming other aluminum stocks by 56 percentage points.

Century Aluminum Co has an average 1 year price target of $13.00, a downside of -18.8% from Century Aluminum Co's current stock price of $16.01.

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.

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 -7.27% 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 1.97x.

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 3.35%, which is 1 percentage points higher than the aluminum industry average of 2.26%. 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 1.17%, which is -1 percentage points lower than the aluminum industry average of 2.26%.

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

Why are aluminum stocks down?

Aluminum stocks were down -0.5% in the last day, and up 0.66% over the last week. Century Aluminum Co was the among the top losers in the aluminum industry, dropping -7.72% yesterday.

Century Aluminum shares are trading lower following a Q1 revenue miss.
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