Century Aluminum Co. (CENX) Sees Large Volume Increase
Shares of Century Aluminum Co. (NASDAQ:CENX) saw unusually-strong trading volume on Friday . Approximately 3,472,972 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,965,017 shares.The stock last traded at $6.46 and had previously closed at $6.77.
A number of equities research analysts have issued reports on CENX shares. Cowen and Company upped their target price 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. Deutsche Bank AG upped their target price on Century Aluminum from $7.00 to $7.50 and gave the stock a “hold” rating in a research report on Monday, May 2nd. TheStreet raised Century Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, April 29th. Zacks Investment Research cut Century Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Century Aluminum has an average rating of “Hold” and a consensus price target of $6.85.
The firm’s market capitalization is $562.50 million. The company has a 50-day moving average price of $7.22 and a 200 day moving average price of $6.99.
Century Aluminum (NASDAQ:CENX) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. During the same period in the prior year, the business earned $0.25 EPS. The business had revenue of $326.75 million for the quarter, compared to analyst estimates of $338.22 million. The company’s revenue for the quarter was down 37.6% compared to the same quarter last year. Equities research analysts anticipate that Century Aluminum Co. will post ($0.30) EPS for the current year.
An institutional investor recently raised its position in Century Aluminum stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Century Aluminum Co. (NASDAQ:CENX) by 154.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,625 shares of the company’s stock after buying an additional 361,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.69% of Century Aluminum worth $2,637,000 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.