Century Aluminum

CENX · NASDAQ

$33.50−$0.86 (−2.50%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $34.36

CENX analyst rating

BuyConsensus of 6 analysts over the last 12 months. 83% rate it a buy.

Strong buy0
Buy5
Hold1
Underperform0
Sell0

12-month price target · 8 analysts

Average $70.76 (+111.2% upside)

Low: $60.60
Now: $33.50
High: $82.95

Upgrades and downgrades

The latest rating actions, newest first

CENX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 14, 2026	Initiates	Equal-Weight	$40.00	57%
UBS	Oct 8, 2026	Maintains	Buy	$60.00 → $55.00	—
Wells Fargo	Sep 18, 2026	Maintains	Overweight	$83.00 → $79.00	55%
UBS	Aug 11, 2026	Initiates	Buy	$60.00	—
B. Riley Securities	Jul 7, 2026	Maintains	Buy	$86.00 → $74.00	33%
Wells Fargo	May 8, 2026	Maintains	Overweight	$77.00 → $79.00	55%
Wells Fargo	Apr 16, 2026	Maintains	Overweight	$69.00 → $77.00	55%
B. Riley Securities	Apr 7, 2026	Maintains	Buy	$68.00 → $86.00	54%
Wells Fargo	Mar 12, 2026	Maintains	Overweight	$61.00 → $69.00	55%
B. Riley Securities	Feb 24, 2026	Maintains	Buy	$64.00 → $68.00	54%

The case for and against

Updated Nov 28, 2024

Bull case

Century Aluminum has made significant progress in optimizing operations and securing strategic supply agreements, particularly with Glencore, which supports a robust revenue stream and stability in alumina sourcing. The company is also focusing on sustainability, evidenced by substantial improvements in its environmental metrics, including reductions in greenhouse gas emissions and increased reliance on renewable energy sources, particularly from its Iceland operations. Furthermore, the forecasted adjusted EBITDA guidance for Q4 of $70M-$80M, with a potential increase to around $100M in Q1, reflects strong financial performance and growth momentum, positioning Century Aluminum favorably in the market.

Bear case

Century Aluminum faces operational challenges that can result in production shortfalls and increased per-metric ton costs, adversely affecting profitability. The company's liquidity has declined quarter-over-quarter due to rising inventory levels and alumina shipment timing, raising concerns about its financial stability in the near term. Additionally, the reliance on fluctuating raw material costs, combined with potential legislative changes impacting long-lived assets, adds further uncertainty to Century Aluminum's fiscal outlook.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.