Century Aluminum Co. (CENX) Trading 4.5% Higher
Century Aluminum Co. (NASDAQ:CENX) shares traded up 4.5% on Wednesday . The stock traded as high as $6.85 and last traded at $6.78, with a volume of 960,450 shares traded. The stock had previously closed at $6.49.
Several research analysts have recently weighed in on the company. Deutsche Bank AG upped their price objective on Century Aluminum from $7.00 to $7.50 and gave the stock a “hold” rating in a research report on Monday, May 2nd. Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Cowen and Company reiterated a “hold” rating on shares of Century Aluminum in a report on Saturday, April 30th. TheStreet upgraded Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Finally, Nomura Holdings Inc. reiterated a “neutral” rating and set a $5.00 target price on shares of Century Aluminum in a report on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.04.
The firm’s market cap is $569.37 million. The stock’s 50 day moving average is $6.54 and its 200-day moving average is $6.20.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.21. The business earned $318.90 million during the quarter, compared to the consensus estimate of $335.08 million. The business’s revenue was down 45.8% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. Equities research analysts forecast that Century Aluminum Co. will post ($0.37) EPS for the current fiscal year.
Several hedge funds and institutional investors have bought and sold shares of CENX. Principal Financial Group Inc. raised its position in Century Aluminum by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 326,146 shares of the company’s stock valued at $1,442,000 after buying an additional 14,465 shares during the period. Bank of Montreal Can raised its position in Century Aluminum by 121.6% in the fourth quarter. Bank of Montreal Can now owns 294,081 shares of the company’s stock valued at $1,300,000 after buying an additional 161,351 shares during the period. Finally, Oxford Asset Management acquired a new position in Century Aluminum during the fourth quarter valued at $2,180,000.
Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt.