Century Aluminum Company (NASDAQ:CENX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $76.00.

CENX has been the topic of a number of research reports. Wells Fargo & Company upped their price objective on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. B. Riley Financial lowered their price objective on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen lowered Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Finally, Weiss Ratings cut shares of Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arista Wealth Management LLC bought a new stake in shares of Century Aluminum during the 2nd quarter valued at approximately $542,000. GAMMA Investing LLC grew its position in Century Aluminum by 9.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,771 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 398 shares during the last quarter. CoreCap Advisors LLC raised its position in Century Aluminum by 33.7% in the second quarter. CoreCap Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 468 shares during the last quarter. Wealth High Governance Capital Ltda boosted its stake in shares of Century Aluminum by 44.2% during the first quarter. Wealth High Governance Capital Ltda now owns 140,525 shares of the industrial products company’s stock valued at $8,247,000 after purchasing an additional 43,091 shares in the last quarter. Finally, Wealth High Governance Asset Management Ltda. grew its holdings in shares of Century Aluminum by 115.8% during the first quarter. Wealth High Governance Asset Management Ltda. now owns 118,950 shares of the industrial products company’s stock worth $6,981,000 after purchasing an additional 63,818 shares during the last quarter. Institutional investors own 61.59% of the company’s stock.

Century Aluminum Price Performance

Shares of CENX opened at $45.11 on Friday. The firm has a market capitalization of $4.46 billion, a PE ratio of 13.47 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The company’s 50-day moving average is $56.68 and its 200-day moving average is $53.57. Century Aluminum has a fifty-two week low of $18.86 and a fifty-two week high of $70.43.

Century Aluminum Company Profile

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.