B. Riley Issues Positive Forecast for Century Aluminum (NASDAQ:CENX) Stock Price

Century Aluminum (NASDAQ:CENX) had its target price boosted by research analysts at B. Riley from $22.00 to $24.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. B. Riley’s price target indicates a potential upside of 17.53% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on CENX. StockNews.com cut shares of Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday. BMO Capital Markets cut their target price on Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th.

Century Aluminum Price Performance

Shares of CENX traded up $2.88 on Tuesday, reaching $20.42. The stock had a trading volume of 1,068,885 shares, compared to its average volume of 1,320,191. The firm has a 50-day moving average of $15.55 and a 200 day moving average of $16.19. The firm has a market capitalization of $1.89 billion, a PE ratio of 9.82 and a beta of 2.47. Century Aluminum has a twelve month low of $6.25 and a twelve month high of $21.37. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The business had revenue of $539.10 million during the quarter, compared to the consensus estimate of $587.10 million. During the same quarter in the previous year, the business earned ($0.13) earnings per share. Sell-side analysts expect that Century Aluminum will post 0.07 EPS for the current year.

Institutional Trading of Century Aluminum

A number of hedge funds and other institutional investors have recently modified their holdings of CENX. Encompass Capital Advisors LLC lifted its stake in Century Aluminum by 1,208.7% during the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after buying an additional 1,294,538 shares in the last quarter. Castle Hook Partners LP boosted its stake in shares of Century Aluminum by 1,147.0% during the 1st quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after acquiring an additional 898,554 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Century Aluminum by 341.1% in the second quarter. Bank of Montreal Can now owns 411,968 shares of the industrial products company’s stock worth $6,900,000 after buying an additional 318,579 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Century Aluminum by 125.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 531,679 shares of the industrial products company’s stock valued at $8,906,000 after buying an additional 296,101 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Century Aluminum by 30.4% in the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock worth $19,870,000 after acquiring an additional 276,304 shares during the period. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Company Profile

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.