Century Aluminum Co. (CENX) Stock Price Up 4.5%
Century Aluminum Co. (NASDAQ:CENX)’s share price rose 4.5% on Wednesday . The company traded as high as $6.85 and last traded at $6.78, with a volume of 960,450 shares. The stock had previously closed at $6.49.
CENX has been the subject of a number of recent research reports. Nomura Holdings Inc. reaffirmed a “neutral” rating and set a $5.00 price target on shares of Century Aluminum in a research report on Friday, March 18th. Deutsche Bank AG reaffirmed a “hold” rating and set a $7.00 price target (up previously from $6.00) on shares of Century Aluminum in a research report on Wednesday, March 23rd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $8.50 price target for the company in a research report on Tuesday, April 19th. Cowen and Company upped their price target on Century Aluminum from $6.00 to $8.00 and gave the stock a “market perform” rating in a research report on Friday, April 29th. Finally, TheStreet raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.04.
The company’s 50 day moving average is $6.54 and its 200-day moving average is $6.20. The company’s market capitalization is $581.55 million.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, April 28th. The company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.21. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The business earned $318.90 million during the quarter, compared to the consensus estimate of $335.08 million. The company’s revenue for the quarter was down 45.8% compared to the same quarter last year. On average, analysts forecast that Century Aluminum Co. will post ($0.37) earnings per share for the current year.
Other large investors have modified their holdings of the company. Oxford Asset Management acquired a new stake in shares of Century Aluminum during the fourth quarter worth $2,180,000. Bank of Montreal Can increased its stake in shares of 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 last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of 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 last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.