Wells Fargo & Company Issues Positive Forecast for Century Aluminum (NASDAQ:CENX) Stock Price

Century Aluminum (NASDAQ:CENX) had its target price raised by Wells Fargo & Company from $77.00 to $79.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

Several other research analysts have also commented on the company. BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded Century Aluminum from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Century Aluminum from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. B. Riley Financial lifted their price target on Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Zacks Research upgraded Century Aluminum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Century Aluminum currently has an average rating of “Buy” and a consensus target price of $80.00.

Century Aluminum Trading Down 2.8%

Shares of CENX stock opened at $58.91 on Friday. Century Aluminum has a 12-month low of $15.13 and a 12-month high of $68.69. The company has a current ratio of 1.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.52. The stock’s 50-day moving average price is $57.93 and its 200-day moving average price is $45.29. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 17.59 and a beta of 1.91.

Century Aluminum (NASDAQ:CENX) last issued its earnings results on Thursday, February 19th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.25. The firm had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $661.63 million. Century Aluminum had a return on equity of 15.85% and a net margin of 13.75%.The business’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. Equities research analysts predict that Century Aluminum will post 10.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Century Aluminum news, CEO Jesse E. Gary sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $55.47, for a total transaction of $8,320,500.00. Following the completion of the transaction, the chief executive officer owned 142,580 shares in the company, valued at $7,908,912.60. The trade was a 51.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matt Aboud sold 12,126 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $52.50, for a total value of $636,615.00. Following the transaction, the senior vice president owned 67,814 shares of the company’s stock, valued at $3,560,235. This trade represents a 15.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,626 shares of company stock worth $13,619,411 over the last three months. 0.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Convergence Investment Partners LLC purchased a new stake in shares of Century Aluminum in the third quarter valued at approximately $942,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Century Aluminum by 620.8% in the third quarter. Campbell & CO Investment Adviser LLC now owns 143,144 shares of the industrial products company’s stock valued at $4,203,000 after purchasing an additional 123,285 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Century Aluminum by 35.4% in the third quarter. Principal Financial Group Inc. now owns 350,858 shares of the industrial products company’s stock valued at $10,301,000 after purchasing an additional 91,647 shares during the period. Drummond Knight Asset Management Pty Ltd purchased a new stake in shares of Century Aluminum in the fourth quarter valued at approximately $12,278,000. Finally, Glencore plc boosted its holdings in shares of Century Aluminum by 33.6% in the fourth quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock valued at $2,096,596,000 after purchasing an additional 13,454,538 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum News Roundup

Here are the key news stories impacting Century Aluminum this week:

• Positive Sentiment: Wells Fargo raised its price target on Century Aluminum to $79 from $77 and kept an overweight rating, signaling confidence in further upside after the earnings release.
• Positive Sentiment: Zacks Research upgraded Century Aluminum from hold to strong-buy, adding to the bullish analyst tone around the stock.
• Positive Sentiment: The company reported first-quarter revenue of $649.2 million and adjusted EPS of $1.63, both above consensus estimates, with adjusted EBITDA of $231.4 million, which suggests solid operating performance. Article: Century Aluminum Company Reports First Quarter 2026 Results
• Neutral Sentiment: Investors are also parsing multiple earnings transcript and snapshot articles, which may provide more detail on management’s outlook and margin trends, but do not by themselves change the fundamentals.
• Negative Sentiment: Some reports highlighted a miss on adjusted/non-GAAP EPS versus estimates, and one article said the company lagged both earnings and revenue expectations, creating some mixed sentiment around the results.

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.