B. Riley Issues Positive Forecast for Century Aluminum (NASDAQ:CENX) Stock Price

Century Aluminum (NASDAQ:CENX) had its target price increased by equities research analysts at B. Riley from $22.00 to $24.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. B. Riley’s price objective suggests a potential upside of 17.53% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Century Aluminum from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, August 9th. StockNews.com lowered Century Aluminum from a “hold” rating to a “sell” rating in a research note on Friday.

Century Aluminum Price Performance

CENX traded up $2.88 during midday trading on Tuesday, hitting $20.42. The stock had a trading volume of 1,068,885 shares, compared to its average volume of 1,320,191. Century Aluminum has a 1 year low of $6.25 and a 1 year high of $21.37. The company has a market cap of $1.89 billion, a P/E ratio of 9.82 and a beta of 2.47. The business has a fifty day moving average of $15.55 and a 200 day moving average of $16.19. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.63 and a current ratio of 1.72.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $587.10 million. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. During the same period last year, the business earned ($0.13) EPS. As a group, equities analysts forecast that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Century Aluminum by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company’s stock worth $89,567,000 after buying an additional 39,900 shares during the last quarter. Encompass Capital Advisors LLC raised its position in Century Aluminum by 1,208.7% in the second quarter. Encompass Capital Advisors LLC now owns 1,401,638 shares of the industrial products company’s stock valued at $23,477,000 after purchasing an additional 1,294,538 shares during the period. American Century Companies Inc. boosted its holdings in Century Aluminum by 30.4% during the 2nd quarter. American Century Companies Inc. now owns 1,186,243 shares of the industrial products company’s stock valued at $19,870,000 after acquiring an additional 276,304 shares during the period. Castle Hook Partners LP raised its holdings in Century Aluminum by 1,147.0% during the first quarter. Castle Hook Partners LP now owns 976,894 shares of the industrial products company’s stock worth $15,034,000 after purchasing an additional 898,554 shares in the last quarter. Finally, Impala Asset Management LLC increased its position in Century Aluminum by 20.6% during the second quarter. Impala Asset Management LLC now owns 850,000 shares of the industrial products company’s stock worth $14,238,000 after buying an additional 145,000 shares during the period. 61.59% of the stock is currently owned by hedge funds and other 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.