Russell Investments Group Ltd. has reportedly increased its stake in Century Aluminum by 33.1 per cent to 130,391, representing about 0.14 per cent of the company's worth. By buying these additional shares, Russell Investments Group shows its confidence in the company's future prospects.

Ressell Investments has taken this move amid mixed recommendations for Century Aluminum from many equity analysts. For instance, Wolfe Research recently reduced their rating on the stock from 'peer perform' to 'underperform', and B. Riley turned down their price target from $10.00 to $9.00 and gave the company a 'neutral' rating.

On the other hand, StockNews.com upgraded their rating for Century to 'sell' in a research report on August 16. These differences of opinion indicate uncertainty about the stock and challenges faced by Century Aluminum.

However, the exact reason why Russell Investments has increased its investments in Century Aluminum is not known, but it can be assumed that possible future prospects of the company have driven the decision.

Recently, Century Aluminium made a gain of $103.3 million on acquiring Jamalco. In April, Century signed an agreement with Noble Group Holdings Limited (Noble) and obtained 55 per cent of ownership in Jamalco, which is often described as a bargain purchase deal since Century acquired the loss-making company for US$1.

Sequentially, Century Aluminum announced an increase in net income to $7.5 million for Q2 2023.