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Century Aluminum: The Strong Buy Thesis Just Got Stronger

Writer: Felix Ouma
Felix Ouma
15 hours ago
8 min read

Summary

  • Century Aluminum’s second-quarter revenue reached $752.1Mn, adjusted EPS was $2.46, and adjusted EBITDA increased to $326.9Mn.


  • The original thesis strengthened as Mt. Holly completed its restart, Grundartangi returned close to full production, and Jamalco’s new turbine came online.


  • My base case produces a $60 target, based on $10.80 of 2027 adjusted EPS and a conservative 6.5x multiple.

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