BMO Capital Markets Reaffirms Hold Rating for Century Aluminum Company (CENX)

BMO Capital Markets reissued their hold rating on shares of Century Aluminum Company (NASDAQ:CENX) in a report published on Sunday, July 2nd. The firm currently has a $14.00 price objective on the industrial products company’s stock.

A number of other research analysts have also recently commented on the stock. Cowen and Company dropped their target price on shares of Century Aluminum from $11.00 to $8.00 and set a market perform rating for the company in a report on Wednesday, April 19th. BidaskClub raised shares of Century Aluminum from a hold rating to a buy rating in a research report on Friday, June 9th. Zacks Investment Research raised shares of Century Aluminum from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Wednesday, June 14th. Finally, Deutsche Bank AG upgraded Century Aluminum from a sell rating to a hold rating and lifted their target price for the stock from $10.00 to $15.00 in a research note on Friday, June 23rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. Century Aluminum has an average rating of Hold and a consensus price target of $14.40.

Century Aluminum (CENX) traded up 0.424% during midday trading on Friday, hitting $17.755. The stock had a trading volume of 460,173 shares. The firm’s market cap is $1.55 billion. Century Aluminum has a 12-month low of $5.53 and a 12-month high of $18.06. The stock has a 50-day moving average price of $15.64 and a 200 day moving average price of $13.88.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings results on Tuesday, April 25th. The industrial products company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.10. The company had revenue of $365.80 million during the quarter, compared to analysts’ expectations of $364.33 million. Century Aluminum had a negative net margin of 18.40% and a negative return on equity of 5.85%. Century Aluminum’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) EPS. On average, equities analysts anticipate that Century Aluminum will post $0.83 earnings per share for the current fiscal year.

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In related news, insider Michael A. Bless sold 27,618 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $14.88, for a total transaction of $410,955.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in CENX. State of Alaska Department of Revenue raised its stake in shares of Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after buying an additional 4,326 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Century Aluminum during the first quarter valued at about $143,000. Mason Street Advisors LLC boosted its stake in shares of Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock worth $148,000 after buying an additional 783 shares during the period. 361 Capital LLC acquired a new stake in shares of Century Aluminum during the first quarter worth $162,000. Finally, Laurion Capital Management LP boosted its stake in shares of Century Aluminum by 27.9% in the first quarter. Laurion Capital Management LP now owns 13,300 shares of the industrial products company’s stock worth $169,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.

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.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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