Century Aluminum: The Rally Still Has Plenty Fuel
Century Aluminum Company (CENX) is rated as a Buy, with an expected upside of approximately 50% over the next 12 to 16 months. The company's Q1 adjusted EBITDA increased by 35% quarter-over-quarter, and guidance for Q2 suggests further growth. Long-term prospects are bolstered by a significant stake in a new US smelter and favorable aluminum market conditions.
- ▪Century Aluminum's stock is projected to have a 50% upside in the next 12-16 months.
- ▪The company's Q1 adjusted EBITDA rose 35% to $231 million, with Q2 guidance between $315 and $335 million.
- ▪CENX has a long-term catalyst with a 40% stake in a new US smelter.
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