Shares of Century Aluminum Company (NASDAQ:CENX) shot up 5.3% during mid-day trading on Friday . The company traded as high as $20.63 and last traded at $20.56, with a volume of 2,764,770 shares trading hands. The stock had previously closed at $19.52.

A number of research firms have recently issued reports on CENX. BidaskClub raised Century Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. J P Morgan Chase & Co raised Century Aluminum from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $22.00 in a research report on Monday, August 21st. Cowen and Company set a $16.00 price objective on Century Aluminum and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Century Aluminum in a research report on Sunday, July 2nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $17.20.

The company’s market cap is $1.80 billion. The company has a 50-day moving average price of $16.68 and a 200-day moving average price of $14.64.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.28. The company had revenue of $388.80 million for the quarter, compared to analysts’ expectations of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. Equities research analysts forecast that Century Aluminum Company will post $0.46 earnings per share for the current year.

Several large investors have recently modified their holdings of CENX. Louisiana State Employees Retirement System increased its stake in shares of Century Aluminum by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock worth $258,000 after buying an additional 300 shares during the period. Texas Permanent School Fund increased its stake in shares of Century Aluminum by 0.9% in the second quarter. Texas Permanent School Fund now owns 36,315 shares of the industrial products company’s stock worth $566,000 after buying an additional 307 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Century Aluminum by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock worth $183,000 after buying an additional 370 shares during the period. Arizona State Retirement System increased its stake in shares of Century Aluminum by 1.6% in the first quarter. Arizona State Retirement System now owns 25,937 shares of the industrial products company’s stock worth $329,000 after buying an additional 400 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Century Aluminum by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 39,906 shares of the industrial products company’s stock worth $622,000 after buying an additional 406 shares during the period. Institutional investors own 67.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Century Aluminum Company (CENX) Shares Up 5.3%” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/09/03/century-aluminum-company-cenx-shares-up-5-3.html.

Century Aluminum Company Profile

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. The Company’s primary aluminum facilities produce standard grade primary aluminum products.