Century Aluminum Co. (CENX) Shares Down 4.3%
Century Aluminum Co. (NASDAQ:CENX)’s share price fell 4.3% during trading on Friday . The stock traded as low as $7.21 and last traded at $7.28, with a volume of 996,947 shares traded. The stock had previously closed at $7.61.
Several brokerages have recently commented on CENX. Cowen and Company increased their price target on shares of Century Aluminum from $6.00 to $8.00 and gave the stock a “market perform” rating in a research report on Friday, April 29th. Deutsche Bank AG raised their target price 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 raised 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. reissued a “sell” rating on shares of Century Aluminum in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $6.85.
The company’s 50 day moving average is $7.15 and its 200 day moving average is $6.88. The stock’s market cap is $640.00 million.
Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, topping the 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. The business’s revenue was down 37.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. Equities research analysts forecast that Century Aluminum Co. will post ($0.30) EPS for the current fiscal year.
An institutional investor recently raised its position in Century Aluminum stock. Bank of Montreal Can increased its stake in Century Aluminum Co. (NASDAQ:CENX) by 121.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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, 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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