Shares of Century Aluminum Company (NASDAQ:CENX – Get Free Report) have earned an average recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $80.00.
Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Century Aluminum from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Century Aluminum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, B. Riley Financial raised their target price on shares of Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th.
Check Out Our Latest Research Report on Century Aluminum
Insider Buying and Selling
Hedge Funds Weigh In On Century Aluminum
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC boosted its position in Century Aluminum by 1.4% during the first quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 180 shares during the period. Summit Global Investments boosted its position in Century Aluminum by 3.2% during the first quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 241 shares during the period. EverSource Wealth Advisors LLC boosted its position in Century Aluminum by 26.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 297 shares during the period. ProShare Advisors LLC boosted its position in Century Aluminum by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock worth $402,000 after purchasing an additional 308 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 386 shares during the period. 61.59% of the stock is owned by institutional investors.
Century Aluminum Price Performance
NASDAQ:CENX opened at $60.91 on Wednesday. Century Aluminum has a 1-year low of $16.59 and a 1-year high of $70.43. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $62.59 and a 200 day simple moving average of $50.65. The stock has a market capitalization of $6.03 billion, a PE ratio of 18.18 and a beta of 1.90.
About Century Aluminum
Century Aluminum Company is a primary aluminum producer that develops and operates smelters designed to supply low-carbon, high-purity aluminum products to a range of industrial and commercial markets. Established in 1995, the company has grown to become a significant North American aluminum producer with an expanding international footprint. Century Aluminum is headquartered in the United States and is focused on energy-efficient operations and cost management.
The company’s core operations include three primary aluminum smelting facilities located in Hawesville, Kentucky; Mount Holly, South Carolina; and Grundartangi, Iceland.
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