Century Aluminum Company (CENX) Hits New 12-Month High at $20.56
Century Aluminum Company (NASDAQ:CENX) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $20.56 and last traded at $20.56, with a volume of 2,765,570 shares traded. The stock had previously closed at $19.52.
A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. JPMorgan Chase & Co. upgraded shares of Century Aluminum from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $15.00 to $22.00 in a research report on Monday, August 21st. Cowen and Company set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, August 1st. Finally, BMO Capital Markets reissued a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a report on Sunday, July 2nd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.20.
The company has a 50 day moving average price of $16.73 and a 200 day moving average price of $14.65. The company’s market cap is $1.71 billion.
Century Aluminum (NASDAQ:CENX) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.28. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. On average, equities research analysts forecast that Century Aluminum Company will post $0.46 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its stake in Century Aluminum by 67.1% during the first quarter. Bank of Montreal Can now owns 232,782 shares of the industrial products company’s stock worth $2,954,000 after acquiring an additional 93,446 shares in the last quarter. Prudential Financial Inc. raised its stake in Century Aluminum by 13.6% during the first quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock worth $1,226,000 after acquiring an additional 11,538 shares in the last quarter. Clinton Group Inc. acquired a new position in Century Aluminum during the first quarter worth about $143,000. Sei Investments Co. raised its stake in Century Aluminum by 4.9% during the second quarter. Sei Investments Co. now owns 115,453 shares of the industrial products company’s stock worth $1,799,000 after acquiring an additional 5,380 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Century Aluminum by 3.9% during the first quarter. Principal Financial Group Inc. now owns 378,009 shares of the industrial products company’s stock worth $4,797,000 after acquiring an additional 14,019 shares in the last quarter. 67.18% of the stock is owned by hedge funds and other institutional investors.
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About Century Aluminum
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.