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Best Aluminum Stocks to Buy Now (2023)
Top aluminum stocks in 2023 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 & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
KALU
KAISER ALUMINUM CORP
United States
$960.87M16,014,47497.46%2.54%Net Selling
CSTM
CONSTELLIUM SE
Netherlands
$2.58B146,820,00091.43%0.00%
CENX
CENTURY ALUMINUM CO
United States
$730.00M92,404,66328.60%71.40%Net Selling
AA
ALCOA CORP
United States
$4.47B178,471,90878.44%8.51%Net SellingNet Buying
1

Aluminum Stocks FAQ

What are the best aluminum stocks to buy right now in Dec 2023?

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 48, which is 16 points higher than the aluminum industry average of 32. It passed 17 out of 38 due diligence checks and has strong fundamentals. Kaiser Aluminum has seen its stock lose -25.96% over the past year, underperforming other aluminum stocks by -1 percentage points.

Kaiser Aluminum has an average 1 year price target of $78.00, an upside of 30% from Kaiser Aluminum's current stock price of $60.00.

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.

2. Constellium Se (NYSE:CSTM)


Constellium Se (NYSE:CSTM) is the second best aluminum stock with a Zen Score of 43, which is 11 points higher than the aluminum industry average of 32. It passed 14 out of 33 due diligence checks and has strong fundamentals. Constellium Se has seen its stock return 51.2% over the past year, overperforming other aluminum stocks by 77 percentage points.

Constellium Se has an average 1 year price target of $23.60, an upside of 34.09% from Constellium Se's current stock price of $17.60.

Constellium Se stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Constellium Se, 40% have issued a Strong Buy rating, 60% 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 22, which is -10 points lower than the aluminum industry average of 32. It passed 7 out of 33 due diligence checks and has weak fundamentals. Century Aluminum Co has seen its stock lose -2.83% over the past year, overperforming other aluminum stocks by 23 percentage points.

Century Aluminum Co has an average 1 year price target of $7.50, a downside of -5.06% from Century Aluminum Co's current stock price of $7.90.

Century Aluminum Co stock has a consensus Sell recommendation according to Wall Street analysts. Of the 2 analysts covering Century Aluminum Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 50% 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 5.13%, which is 2 percentage points higher than the aluminum industry average of 3.37%. 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 375.6% 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 1.6%, which is -2 percentage points lower than the aluminum industry average of 3.37%.

Alcoa's dividend payout ratio of -8% indicates that its dividend yield might not be sustainable for the long-term.

Why are aluminum stocks up?

Aluminum stocks were up 1.37% in the last day, and down -3.1% 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. Constellium Se (NYSE:CSTM)


Constellium Se (NYSE:CSTM) is the most undervalued aluminum stock based on WallStreetZen's Valuation Score. Constellium Se has a valuation score of 43, which is 18 points higher than the aluminum industry average of 25. It passed 3 out of 7 valuation due diligence checks.

Constellium Se's stock has gained 51.2% in the past year. It has overperformed other stocks in the aluminum industry by 77 percentage points.

2. Kaiser Aluminum (NASDAQ:KALU)


Kaiser Aluminum (NASDAQ:KALU) is the second most undervalued aluminum stock based on WallStreetZen's Valuation Score. Kaiser Aluminum has a valuation score of 29, which is 4 points higher than the aluminum industry average of 25. It passed 2 out of 7 valuation due diligence checks.

Kaiser Aluminum's stock has dropped -25.96% in the past year. It has underperformed other stocks in the aluminum industry by -1 percentage points.

Are aluminum stocks a good buy now?

25% of aluminum stocks rated by analysts are a strong buy right now. On average, analysts expect aluminum stocks to rise by 28.05% 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 14.31x.
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