Century Aluminum (NASDAQ:CENX) PT Raised to $16.00

Century Aluminum (NASDAQ:CENX) had its price objective hoisted by equities research analysts at BMO Capital Markets from $15.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 0.62% from the company’s previous close.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. B. Riley upgraded Century Aluminum from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $14.00 in a research note on Tuesday, January 9th.

Century Aluminum Stock Up 0.6 %

Shares of CENX stock traded up $0.09 on Thursday, reaching $16.10. 414,050 shares of the company were exchanged, compared to its average volume of 1,457,804. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.38. The company has a 50-day moving average of $14.28 and a 200-day moving average of $11.02. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -31.46 and a beta of 2.66. Century Aluminum has a one year low of $5.70 and a one year high of $18.64.

Century Aluminum (NASDAQ:CENX) last announced its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.53. Century Aluminum had a positive return on equity of 5.18% and a negative net margin of 2.05%. The firm had revenue of $512.30 million during the quarter, compared to analysts’ expectations of $514.40 million. Analysts anticipate that Century Aluminum will post -0.16 earnings per share for the current year.

Institutional Trading of Century Aluminum

Several institutional investors have recently made changes to their positions in CENX. First Eagle Investment Management LLC lifted its position in shares of Century Aluminum by 92.5% during the third quarter. First Eagle Investment Management LLC now owns 791,514 shares of the industrial products company’s stock valued at $5,691,000 after purchasing an additional 380,324 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Century Aluminum during the 3rd quarter worth approximately $1,992,000. Assenagon Asset Management S.A. boosted its stake in shares of Century Aluminum by 255.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock worth $2,522,000 after buying an additional 252,095 shares during the last quarter. Jump Financial LLC bought a new position in shares of Century Aluminum in the third quarter valued at approximately $1,146,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Century Aluminum during the first quarter valued at approximately $2,058,000. Institutional investors own 61.59% of the company’s stock.

About Century Aluminum

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.