Century Aluminum (NASDAQ:CENX) Upgraded at StockNews.com

StockNews.com upgraded shares of Century Aluminum (NASDAQ:CENX) from a sell rating to a hold rating in a report published on Saturday morning.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. B. Riley lifted their price target on shares of Century Aluminum from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Century Aluminum Trading Up 0.3 %

Shares of CENX opened at $22.16 on Friday. The firm’s 50 day simple moving average is $16.28 and its 200 day simple moving average is $16.33. The company has a market capitalization of $2.06 billion, a P/E ratio of 7.41 and a beta of 2.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 0.63. Century Aluminum has a 1-year low of $6.55 and a 1-year high of $22.77.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.31. The business had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. During the same period last year, the firm posted ($0.13) earnings per share. Sell-side analysts forecast that Century Aluminum will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

A number of large investors have recently made changes to their positions in the company. Covestor Ltd boosted its stake in Century Aluminum by 13,746.2% in the 1st quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,787 shares during the period. Quest Partners LLC grew its position in Century Aluminum by 104.1% in the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 1,385 shares during the last quarter. GAMMA Investing LLC grew its position in Century Aluminum by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 4,347 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Century Aluminum by 7,779.8% during the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock worth $108,000 after buying an additional 6,924 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in shares of Century Aluminum during the 1st quarter worth $163,000. 61.59% of the stock is currently owned by institutional investors.

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.