Century Aluminum Co. (CENX) Shares Up 7.2%
Century Aluminum Co. (NASDAQ:CENX)’s share price shot up 7.2% during mid-day trading on Monday . The stock traded as high as $7.30 and last traded at $7.27, with a volume of 1,084,169 shares trading hands. The stock had previously closed at $6.78.
Several brokerages recently issued reports on CENX. Cowen and Company boosted their price target on shares of Century Aluminum from $6.00 to $8.00 and gave the company a “market perform” rating in a research report on Friday, April 29th. Deutsche Bank AG upped their price objective 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. TheStreet upgraded shares of Century Aluminum from a “sell” rating to a “hold” rating in a report on Friday, April 29th. Zacks Investment Research cut shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Century Aluminum in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Century Aluminum presently has a consensus rating of “Hold” and an average price target of $6.85.
The firm’s market cap is $617.36 million. The firm has a 50 day moving average price of $7.02 and a 200 day moving average price of $6.79.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, July 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.09. The firm earned $326.75 million during the quarter, compared to the consensus estimate of $338.22 million. During the same quarter last year, the business posted $0.25 EPS. Century Aluminum’s revenue was down 37.6% compared to the same quarter last year. On average, equities analysts expect that Century Aluminum Co. will post ($0.30) EPS for the current year.
A hedge fund recently raised its stake in Century Aluminum stock. Bank of Montreal Can boosted its stake in 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 0.34% of Century Aluminum worth $1,300,000 as of its most recent filing with the SEC.
Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. Its primary aluminum facilities produce standard grade primary aluminum products.
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