Century Aluminum Co. (CENX) Trading Up 3.6%
Century Aluminum Co. (NASDAQ:CENX)’s share price was up 3.6% during mid-day trading on Tuesday . The stock traded as high as $7.76 and last traded at $7.71, with a volume of 845,706 shares trading hands. The stock had previously closed at $7.44.
Several equities analysts recently issued reports on CENX shares. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. TheStreet lowered Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, May 31st. Zacks Investment Research upgraded Century Aluminum from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Monday, July 4th. Cowen and Company boosted their price objective on Century Aluminum from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Friday, April 29th. Finally, Deutsche Bank AG boosted their price objective on Century Aluminum from $7.00 to $7.50 and gave the company a “hold” rating in a research report on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Century Aluminum has a consensus rating of “Hold” and an average price target of $6.85.
The stock’s market capitalization is $657.42 million. The firm has a 50-day moving average price of $7.19 and a 200-day moving average price of $6.96.
Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.09. The firm earned $326.75 million during the quarter, compared to the consensus estimate of $338.22 million. Century Aluminum’s revenue for the quarter was down 37.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. On average, analysts expect that Century Aluminum Co. will post ($0.30) earnings per share for the current year.
An institutional investor recently raised its position in Century Aluminum stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Century Aluminum Co. (NASDAQ:CENX) by 154.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,625 shares of the company’s stock after buying an additional 361,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.69% of Century Aluminum worth $2,637,000 at the end of the most recent reporting period.
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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