Century Aluminum Co. (CENX) Sees Strong Trading Volume
Century Aluminum Co. (NASDAQ:CENX) shares saw unusually-strong trading volume on Thursday . Approximately 1,592,917 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 1,970,944 shares.The stock last traded at $6.45 and had previously closed at $6.54.
Several research analysts recently commented on CENX shares. Nomura Holdings Inc. reissued a “neutral” rating and issued a $5.00 price objective on shares of Century Aluminum in a research note on Friday, March 18th. Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price objective (up from $6.00) on shares of Century Aluminum in a research note on Wednesday, March 23rd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $8.50 target price for the company in a research note on Tuesday, April 19th. Cowen and Company raised their target price on Century Aluminum from $6.00 to $8.00 and gave the stock a “market perform” rating in a research note on Friday, April 29th. Finally, TheStreet raised Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.04.
The firm’s market capitalization is $558.05 million. The firm has a 50-day moving average price of $6.54 and a 200-day moving average price of $6.20.
Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.21. The business earned $318.90 million during the quarter, compared to analysts’ expectations of $335.08 million. The firm’s quarterly revenue was down 45.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. On average, equities analysts predict that Century Aluminum Co. will post ($0.37) earnings per share for the current year.
Several hedge funds have bought and sold shares of CENX. Oxford Asset Management acquired a new stake in Century Aluminum during the fourth quarter worth $2,180,000. Bank of Montreal Can increased its stake in Century Aluminum by 121.6% in the fourth quarter. Bank of Montreal Can now owns 294,081 shares of the company’s stock worth $1,300,000 after buying an additional 161,351 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Century Aluminum by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 326,146 shares of the company’s stock worth $1,442,000 after buying an additional 14,465 shares during the period.
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.