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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
CENX
CENTURY ALUMINUM CO
$1.12B$2.11B$351.40M$219.10M$2.36-8.16%1.76%N/AN/A2024-11-06
KALU
KAISER ALUMINUM CORP
$1.10B$2.98B$205.20M$40.70M$2.53-5.42%13.89%295.31%-14.93%2024-10-23
CSTM
CONSTELLIUM SE
$2.42B$7.46B$729.35M$171.74M$2.25-13.65%1.93%30.71%6.06%2024-10-23
AA
ALCOA CORP
$7.37B$10.70B$379.00M-$550.00M-$3.08-1.53%-2.53%N/AN/A2024-10-16
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Aluminum Stocks FAQ

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

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

1. Century Aluminum Co (NASDAQ:CENX)


Century Aluminum Co (NASDAQ:CENX) is the top aluminum stock with a Zen Score of 48, which is 11 points higher than the aluminum industry average of 37. It passed 16 out of 33 due diligence checks and has strong fundamentals. Century Aluminum Co has seen its stock return 60.05% over the past year, overperforming other aluminum stocks by 63 percentage points.

Century Aluminum Co has an average 1 year price target of $18.50, an upside of 52.89% from Century Aluminum Co's current stock price of $12.10.

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.

2. Kaiser Aluminum (NASDAQ:KALU)


Kaiser Aluminum (NASDAQ:KALU) is the second best aluminum stock with a Zen Score of 45, which is 8 points higher than the aluminum industry average of 37. It passed 16 out of 38 due diligence checks and has strong fundamentals. Kaiser Aluminum has seen its stock lose -8.45% over the past year, underperforming other aluminum stocks by -5 percentage points.

Kaiser Aluminum has an average 1 year price target of $90.00, an upside of 32.1% from Kaiser Aluminum's current stock price of $68.13.

Kaiser Aluminum stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Kaiser Aluminum, 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.

3. Constellium Se (NYSE:CSTM)


Constellium Se (NYSE:CSTM) is the third best aluminum stock with a Zen Score of 36, which is -1 points lower than the aluminum industry average of 37. It passed 12 out of 33 due diligence checks and has average fundamentals. Constellium Se has seen its stock lose -5.75% over the past year, underperforming other aluminum stocks by -2 percentage points.

Constellium Se has an average 1 year price target of $24.50, an upside of 48.13% from Constellium Se's current stock price of $16.54.

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.

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 4.52%, which is 2 percentage points higher than the aluminum industry average of 2.96%. 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 121.7% indicates that its high dividend yield might not be sustainable for the long-term.

2. Alcoa (NYSE:AA)


Alcoa (NYSE:AA) has an annual dividend yield of 1.4%, which is -2 percentage points lower than the aluminum industry average of 2.96%.

Alcoa's dividend payout ratio of -13% indicates that its dividend yield might not be sustainable for the long-term.

Why are aluminum stocks down?

Aluminum stocks were down -3.01% in the last day, and down -9.06% over the last week.

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

What are the most undervalued aluminum stocks?

Based on WallStreetZen's Valuation Score, the 1 most undervalued aluminum stocks right now are:

1. Century Aluminum Co (NASDAQ:CENX)


Century Aluminum Co (NASDAQ:CENX) is the most undervalued aluminum stock based on WallStreetZen's Valuation Score. Century Aluminum Co has a valuation score of 43, which is 14 points higher than the aluminum industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Century Aluminum Co's stock has gained 60.05% in the past year. It has overperformed other stocks in the aluminum industry by 63 percentage points.

Are aluminum stocks a good buy now?

75% of aluminum stocks rated by analysts are a buy right now. On average, analysts expect aluminum stocks to rise by 40.76% 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 -1.27x.
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