Century Aluminum Co. (CENX) Sees Large Volume Increase
Century Aluminum Co. (NASDAQ:CENX) shares saw unusually-strong trading volume on Friday . Approximately 3,472,972 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,965,017 shares.The stock last traded at $6.46 and had previously closed at $6.77.
A number of analysts recently weighed in on CENX shares. TheStreet downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 11th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. 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. Finally, Cowen and Company restated a “hold” rating on shares of Century Aluminum in a report on Saturday, April 30th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Century Aluminum currently has an average rating of “Hold” and an average target price of $6.85.
The company has a 50 day moving average of $7.22 and a 200 day moving average of $6.99. The company’s market cap is $562.50 million.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $326.75 million for the quarter, compared to the consensus estimate of $338.22 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was down 37.6% on a year-over-year basis. Analysts anticipate that Century Aluminum Co. will post ($0.30) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Century Aluminum stock. Bank of Montreal Can boosted its stake in Century Aluminum Co. (NASDAQ:CENX) by 121.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 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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