B. Riley Raises Century Aluminum Target to $64 After $300M Hawesville Sale
On February 3, B. Riley lifted Century Aluminum’s price objective to $64 from $37 after selling the Hawesville facility, valuing its stake at over $300 million. On February 9, Century Aluminum and Emirates Global Aluminium hired Bechtel to engineer a plant in Inola, Oklahoma targeting a final investment decision year-end 2026.
1. B. Riley Lifts Price Target to $64
On February 3, B. Riley increased Century Aluminum’s price objective to $64 from $37, maintaining a Buy rating and citing the Hawesville sale to TeraWulf and a valuation of its stake at over $300 million.
2. Wells Fargo Boosts Target to $61
On January 13, Wells Fargo elevated its price objective to $61 from $46 with an Overweight rating, forecasting healthy 2026 copper and aluminum markets due to limited new supply and sustained 50% US tariffs on imported steel and aluminum while noting demand risks.
3. Inola Facility Engineering Hired
On February 9, Century Aluminum and Emirates Global Aluminium engaged Bechtel for engineering work on an aluminium production plant in Inola, Oklahoma, with a final investment decision expected by year-end 2026 and projected to create 1,000 permanent and 4,000 construction jobs.