Century Aluminum Outlook Bullish as Analysts Set $48 Price Target

Key Facts

1Century Aluminum is rated Buy with a $48 price target, driven by expanded production capacity.

2The company expects Q3 EBITDA to remain near Q2 levels of $327 million, supported by incremental production.

3Gross margin rose to 30.3% in Q2, fueled by higher aluminum prices and government credit support.

Amid a recovery in the industrial metals sector, Century Aluminum has received a 'Buy' rating with a $48 price target, primarily driven by expanded production capacity. The company expects Q3 EBITDA to remain near the Q2 level of $327 million, supported by incremental production gains. This positive outlook follows a significant rise in gross margin to 30.3% during the second quarter, fueled by higher aluminum prices and government credit support.

Per market data, the company has demonstrated operational strength through the successful ramp-up of production at its Mt. Holly and Grundartangi facilities, which is expected to offset ongoing cost pressures. This expansion supports stable earnings guidance and highlights the company's ability to capture regional price premiums. The improved liquidity and production profile position the firm to benefit from favorable market dynamics in the aluminum sector.

At the close on September 15, 2026, CENX was priced at $39.71, having reached a day high of $42.09. Investors should monitor global industrial production trends and aluminum price stability as key catalysts for reaching the analyst's price target. While the immediate economic calendar shows no direct corporate events for CENX, broader manufacturing and inflation data will continue to influence sentiment in the basic materials space.