Glencore Acquires 13.45 Million Shares of Century Aluminum for $420.38 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: Fool
- Share Acquisition: Glencore disclosed a purchase of 13.45 million shares of Century Aluminum in Q4 2026, valued at approximately $420.38 million, indicating strong confidence in the aluminum market.
- Asset Allocation: This acquisition raises Century Aluminum's share to 48.39% of Glencore's 13F reportable assets, highlighting its significant role in the investment portfolio.
- Financial Performance: Century Aluminum reported $632.2 million in revenue and a net income of $14.9 million in the latest quarter, a substantial recovery from a $4.6 million loss in the previous quarter, showcasing robust profitability and cash flow generation.
- Market Outlook: Glencore's investment strategy reflects a sustained bullish outlook on the aluminum market, particularly benefiting from favorable U.S. trade policies, positioning Century Aluminum to capitalize on price increases and market tightness.
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Analyst Views on CENX
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
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
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.
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