Century Aluminum Co. (CENX) Stock Price Up 2.9%
Shares of Century Aluminum Co. (NASDAQ:CENX) rose 2.9% during trading on Monday . The company traded as high as $6.73 and last traded at $6.65, with a volume of 896,249 shares traded. The stock had previously closed at $6.46.
CENX has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. TheStreet cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. reiterated a “sell” rating on shares of Century Aluminum in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Century Aluminum presently has a consensus rating of “Hold” and a consensus target price of $6.85.
The stock has a 50-day moving average price of $7.19 and a 200-day moving average price of $7.06. The firm’s market capitalization is $539.00 million.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The firm had revenue of $326.75 million for the quarter, compared to analysts’ expectations of $338.22 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was down 37.6% on a year-over-year basis. On average, equities research analysts predict that Century Aluminum Co. will post ($0.30) earnings per share for the current fiscal year.
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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