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These 5 Aluminum Producers are Losing Value Today

NEW YORK (TheStreet) -- Aluminum producers are reversing gains achieved over October during Thursday trading. Industry heavyweight Alcoa (AA) has plunged 6.4% to $9.04 and Century Aluminum (CENX) is down 5.1% to $8.82. Aluminum Corp of China (ACH) and Noranda Aluminum Holding (NOR) have both shed 1%, while Kaiser Aluminum Corp (KALU) has edged 0.56% lower.

Since Oct. 7, micro-cap producer Noranda has led the sector, adding 29.3% to share prices, followed by Alcoa which saw 13.4% gains. Century Aluminum added 8.1% and Aluminum Corp of China remained unchanged. The sole loser, Kaiser Aluminum, shed 7.9% over the last four weeks after reporting disappointing third-quarter earnings mid-month.

In October, Bloomberg said the run-up in aluminum stocks was likely due to speculation prices for the metal would spike over the remainder of the year. On the London Metal Exchange, aluminum for delivery in three months has risen 2.2%.

Alcoa

TheStreet Ratings team rates Alcoa Inc as a Hold with a ratings score of C. The team has this to say about its recommendation:

"We rate Alcoa Inc (AA) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, impressive record of earnings per share growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk."

Century Aluminum

TheStreet Ratings team rates Century Aluminum Co as a Hold with a ratings score of C-. The team has this to say about its recommendation:

"We rate Century Aluminum Co (CENX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins."

Noranda Aluminum Holding

TheStreet Ratings team rates Noranda Aluminum Holding CP as a Hold with a ratings score of C-. The team has this to say about its recommendation:

"We rate Noranda Aluminum Holding CP (NOR) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk."

Kaiser Aluminum

TheStreet Ratings team rates Kaiser Aluminum CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about its recommendation:

"We rate Kaiser Aluminum CORP (KALU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had subpar growth in net income."

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