As previously reported, Wolfe Research upgraded Century Aluminum (CENX) to Outperform from Peer Perform with a $27 price target to reflect a better aluminum price outlook and incorporate the low end of a potential power connection sale at its idled Hawesville smelter. Century can benefit from higher alumina prices more than doubling in 2024, as its mid 2023 investment in Jamalco acts as a hedge of alumina input costs, says the analyst, who now forecasts 2025 EBITDA of $342M, up from a prior view of $265M.
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Read More on CENX:
- Century Aluminum upgraded to Outperform from Peer Perform at Wolfe Research
- Century Aluminum price target raised to $18 from $16 at BMO Capital
- Century Aluminum price target raised to $24 from $22 at B. Riley
- Century Aluminum Reports Robust Q3 2024 Results
- Century Aluminum Reports Strong Q3 2024 Financial Performance
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
