Century Aluminum Company (NASDAQ:CENX) has been given a consensus rating of “Hold” by the nine analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.63.

Several equities research analysts have recently weighed in on CENX shares. BidaskClub upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Monday, October 9th. Deutsche Bank AG upgraded shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, October 17th. BMO Capital Markets set a $16.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Cowen and Company set a $17.00 target price on shares of Century Aluminum and gave the stock a “hold” rating in a research note on Wednesday, October 11th.

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Shares of Century Aluminum (NASDAQ CENX) traded up $0.09 on Friday, hitting $14.34. 1,207,844 shares of the stock traded hands, compared to its average volume of 2,487,696. Century Aluminum has a twelve month low of $8.39 and a twelve month high of $20.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.61 and a quick ratio of 1.27.

Century Aluminum (NASDAQ:CENX) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.08). Century Aluminum had a negative return on equity of 0.17% and a negative net margin of 10.45%. The business had revenue of $388.80 million for the quarter, compared to analyst estimates of $392.28 million. During the same quarter last year, the company posted ($0.31) EPS. Century Aluminum’s quarterly revenue was up 16.5% on a year-over-year basis. sell-side analysts anticipate that Century Aluminum will post 0.39 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CENX. State of Alaska Department of Revenue raised its holdings in Century Aluminum by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Century Aluminum during the second quarter worth about $160,000. Piedmont Investment Advisors LLC purchased a new position in Century Aluminum during the second quarter worth about $168,000. IndexIQ Advisors LLC raised its holdings in Century Aluminum by 752.8% during the third quarter. IndexIQ Advisors LLC now owns 10,293 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 9,086 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Century Aluminum by 3.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,730 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 370 shares in the last quarter. 67.35% of the stock is owned by hedge funds and other institutional investors.

About Century Aluminum

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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