Century Aluminum Co. (CENX) Trading Down 5.7%
Shares of Century Aluminum Co. (NASDAQ:CENX) traded down 5.7% during trading on Friday . The stock traded as low as $6.71 and last traded at $6.73, with a volume of 1,125,366 shares changing hands. The stock had previously closed at $7.14.
Several analysts have recently commented on the stock. Deutsche Bank AG increased their price target on shares of Century Aluminum from $7.00 to $7.50 and gave the company a “hold” rating in a research report on Monday, May 2nd. Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Cowen and Company reiterated a “hold” rating on shares of Century Aluminum in a research report on Saturday, April 30th. TheStreet upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Century Aluminum has an average rating of “Hold” and an average price target of $6.85.
The stock’s market cap is $590.37 million. The stock’s 50-day moving average is $7.02 and its 200 day moving average is $6.79.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $326.75 million for the quarter, compared to the consensus estimate of $338.22 million. The firm’s quarterly revenue was down 37.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. On average, analysts forecast that Century Aluminum Co. will post ($0.30) EPS for the current fiscal year.
A hedge fund recently raised its stake in Century Aluminum stock. Bank of Montreal Can increased its position in Century Aluminum Co. (NASDAQ:CENX) by 121.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 294,081 shares of the company’s stock after buying an additional 161,351 shares during the period. Bank of Montreal Can owned about 0.34% of Century Aluminum worth $1,300,000 at the end of the most recent quarter.
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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