Century Aluminum Co's stock fell 7.29% as it crossed below the 5-day SMA amid broader market gains, with the Nasdaq-100 up 0.56% and the S&P 500 up 0.62%.
The company announced a partnership with Emirates Global Aluminum to construct the first new aluminum smelting plant in the U.S. since 1980, with EGA holding 60% and Century 40%. This significant investment will increase U.S. aluminum production capacity to meet rising market demand, with the new plant expected to produce 750,000 metric tons annually. Construction is set to begin by the end of 2026, utilizing advanced EX technology to enhance production efficiency and environmental standards.
This development is expected to create thousands of jobs and strengthen Century Aluminum's position in the market, despite the current stock price decline.
Wall Street analysts forecast CENX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CENX is 40.67 USD with a low forecast of 34.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast CENX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CENX is 40.67 USD with a low forecast of 34.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.000
Low
34.00
Averages
40.67
High
46.00
Current: 49.000
Low
34.00
Averages
40.67
High
46.00
Wells Fargo
Overweight
maintain
$37 -> $46
2025-12-23
Reason
Wells Fargo
Price Target
$37 -> $46
AI Analysis
2025-12-23
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on Century Aluminum to $46 from $37 and keeps an Overweight rating on the shares. The firm says supply constraints can support copper and aluminum prices, especially through Q3 2026. Wells also points out that steep power costs and copper switching especially boost aluminum.
Texas Capital
initiated
$42
2025-12-18
Reason
Texas Capital
Price Target
$42
2025-12-18
initiated
Reason
Texas Capital initiated coverage of Century Aluminum with a Buy rating and $42 price target. Century operates a portfolio of four primary aluminum smelters with total nameplate capacity, not including Hawesville, of roughly 770K Mt, making it the largest primary aluminum producer in the U.S., the analyst says. Government initiatives aimed at supporting U.S. aluminum production, including Section 232 tariffs and 45X tax credits, as well as the company's investment in value-added aluminum products, position the company well for earnings growth over the coming years, the analyst contends.
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BMO Capital
Outperform
maintain
$30 -> $34
2025-11-07
Reason
BMO Capital
Price Target
$30 -> $34
2025-11-07
maintain
Outperform
Reason
BMO Capital raised the firm's price target on Century Aluminum to $34 from $30 and keeps an Outperform rating on the shares. The company's Q3 EBITDA was below its guide, but earnings and free cash flow in Q4 are expected to improve materially as Century is expected to benefit from higher aluminum/MWP prices, the analyst tells investors in a research note.
Wells Fargo
Overweight
downgrade
$37 -> $34
2025-10-23
Reason
Wells Fargo
Price Target
$37 -> $34
2025-10-23
downgrade
Overweight
Reason
Wells Fargo lowered the firm's price target on Century Aluminum to $34 from $37 and keeps an Overweight rating on the shares. The firm cites a potential lost $100M in its quick early assessment of the company's announced equipment failure at its Iceland smelter. U.S. pricing positives and a strong LME value can support shares, in Wells' view.
About CENX
Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities, or smelters. The Company's annual production capacity is approximately 1,020,000 tons per year (tpy). It owns a carbon anode production facility located in the Netherlands (Vlissingen). Carbon anodes are consumed in the production of primary aluminum. Vlissingen supplies carbon anodes to its aluminum smelter in Grundartangi, Iceland. Each of its aluminum smelters in the United States produces anodes at on-site facilities. Through its Natur-Al product line, it provides low-carbon aluminum products. It operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Goose Creek, South Carolina (Mt. Holly), and one aluminum smelter in Grundartangi, Iceland (Grundartangi). The Grundartangi facility, is an aluminum reduction facility owned and operated by the Company’s wholly owned subsidiary, Nordural Grundartangi ehf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
