Century Aluminum Co. (CENX) Trading Down 2.8%
Century Aluminum Co. (NASDAQ:CENX)’s share price traded down 2.8% during mid-day trading on Monday . The company traded as low as $7.91 and last traded at $8.08, with a volume of 755,355 shares. The stock had previously closed at $8.31.
A number of equities analysts have issued reports on the stock. Cowen and Company restated a “hold” rating on shares of Century Aluminum in a research report on Saturday, April 30th. Deutsche Bank AG lifted their price target on shares of Century Aluminum from $7.00 to $7.50 and gave the stock a “hold” rating in a report on Monday, May 2nd. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Monday, July 4th. Finally, TheStreet upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, April 29th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.04.
The stock’s 50 day moving average price is $6.82 and its 200-day moving average price is $6.39. The company’s market capitalization is $643.37 million.
Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, April 28th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.21. During the same quarter in the prior year, the company earned $0.76 EPS. The company earned $318.90 million during the quarter, compared to the consensus estimate of $335.08 million. The business’s quarterly revenue was down 45.8% on a year-over-year basis. Analysts anticipate that Century Aluminum Co. will post ($0.35) EPS for the current year.
An institutional investor recently raised its position in Century Aluminum stock. Bank of Montreal Can increased its position in shares of Century Aluminum Co. (NASDAQ:CENX) by 121.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,081 shares of the company’s stock after buying an additional 161,351 shares during the period. Bank of Montreal Can owned approximately 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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