Century Aluminum (NASDAQ:CENX) Price Target Raised to $18.00 at BMO Capital Markets

Century Aluminum (NASDAQ:CENX) had its price target upped by BMO Capital Markets from $16.00 to $18.00 in a research note published on Tuesday, Benzinga reports. They currently have a market perform rating on the industrial products company’s stock.

CENX has been the topic of a number of other research reports. StockNews.com downgraded Century Aluminum from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. B. Riley lifted their price target on Century Aluminum from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday.

Century Aluminum Stock Up 20.0 %

Shares of NASDAQ CENX opened at $21.05 on Tuesday. The business has a 50-day simple moving average of $15.55 and a two-hundred day simple moving average of $16.19. Century Aluminum has a 52 week low of $6.25 and a 52 week high of $22.29. The company has a market cap of $1.95 billion, a P/E ratio of 10.12 and a beta of 2.47. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of 0.77.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 10.32% and a negative return on equity of 0.04%. The company had revenue of $539.10 million during the quarter, compared to analysts’ expectations of $587.10 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Research analysts anticipate that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Century Aluminum

Several hedge funds have recently added to or reduced their stakes in CENX. Covestor Ltd increased its holdings in shares of Century Aluminum by 13,746.2% in the first quarter. Covestor Ltd now owns 1,800 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,787 shares during the period. Quest Partners LLC boosted its position in Century Aluminum by 104.1% during the 2nd quarter. Quest Partners LLC now owns 2,716 shares of the industrial products company’s stock valued at $45,000 after buying an additional 1,385 shares during the period. GAMMA Investing LLC grew its holdings 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 worth $71,000 after acquiring an additional 1,233 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Century Aluminum by 7,779.8% in the first quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 6,924 shares during the period. Finally, Capstone Investment Advisors LLC bought a new position in shares of Century Aluminum during the first quarter valued at about $161,000. 61.59% of the stock is 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.