NYSE:AAMetals and Mining
Alcoa Faces New Valuation Questions As Aluminum Prices Hit Multi Year Highs
Aluminum prices have climbed to multi year highs, lifting sentiment across the sector.
Major investment banks such as Goldman Sachs have raised their aluminum price forecasts.
As a leading producer, Alcoa (NYSE:AA) faces a materially different pricing backdrop for its operations and revenues.
For Alcoa at a current share price of $60.01, this pricing shift comes after significant longer term gains, with the stock up 73.0% over the past year and 215.7% over the past 5 years. Those moves...