Century Aluminum Co. (CENX) Trading Up 2.9%
Century Aluminum Co. (NASDAQ:CENX) was up 2.9% on Monday . The stock traded as high as $6.73 and last traded at $6.65, with a volume of 896,249 shares changing hands. The stock had previously closed at $6.46.
Several equities research analysts recently weighed in on CENX shares. Deutsche Bank AG raised their price target on shares of Century Aluminum from $7.00 to $7.50 and gave the company a “hold” rating in a research report on Monday, May 2nd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Monday, July 4th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Century Aluminum in a research report on Friday, July 29th. Finally, TheStreet downgraded shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.85.
The company’s market capitalization is $577.31 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 issued its 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 quarter in the prior year, the company earned $0.25 earnings per share. The company earned $326.75 million during the quarter, compared to the consensus estimate of $338.22 million. Century Aluminum’s revenue was down 37.6% on a year-over-year basis. On average, analysts expect that Century Aluminum Co. will post ($0.30) earnings per share for the current year.
A hedge fund recently raised its stake in Century Aluminum stock. Bank of Montreal Can raised 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 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, 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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