Century Aluminum Co. (CENX) Shares Down 2.8%
Century Aluminum Co. (NASDAQ:CENX)’s share price dropped 2.8% during mid-day trading on Monday . The stock traded as low as $7.91 and last traded at $8.08, with a volume of 755,355 shares changing hands. The stock had previously closed at $8.31.
CENX has been the topic of several recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $7.00 price objective (up from $6.00) on shares of Century Aluminum in a report on Wednesday, March 23rd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a report on Tuesday, April 19th. Cowen and Company increased their price objective on shares of Century Aluminum from $6.00 to $8.00 and gave the company a “market perform” rating in a report on Friday, April 29th. Finally, TheStreet raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Century Aluminum has a consensus rating of “Hold” and a consensus target price of $7.04.
The company has a 50-day moving average price of $6.76 and a 200 day moving average price of $6.34. The stock’s market cap is $699.95 million.
Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.21. The firm earned $318.90 million during the quarter, compared to analyst estimates of $335.08 million. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was down 45.8% compared to the same quarter last year. On average, analysts predict that Century Aluminum Co. will post ($0.35) EPS for the current fiscal year.
A hedge fund recently raised its stake in Century Aluminum stock. Bank of Montreal Can boosted its stake in shares of Century Aluminum Co. (NASDAQ:CENX) by 121.6% during the fourth quarter, according to its most recent 13F 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 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.
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