Century Aluminum Company (NASDAQ:CENX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $80.00.

CENX has been the topic of several recent analyst reports. Zacks Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. BMO Capital Markets set a $75.00 target price on shares of Century Aluminum and gave the stock an “outperform” rating in a report on Thursday, April 9th. B. Riley Financial lifted their price objective on shares of Century Aluminum from $68.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Wells Fargo & Company increased their price objective on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th.

Century Aluminum Price Performance

Shares of Century Aluminum stock opened at $43.76 on Friday. Century Aluminum has a 12-month low of $18.00 and a 12-month high of $70.43. The firm has a market capitalization of $4.33 billion, a PE ratio of 13.06 and a beta of 1.96. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $57.87 and its 200-day moving average is $53.09.

Institutional Trading of Century Aluminum

A number of institutional investors have recently bought and sold shares of the company. Wealth High Governance Capital Ltda increased its position in Century Aluminum by 44.2% in the 1st quarter. Wealth High Governance Capital Ltda now owns 140,525 shares of the industrial products company’s stock worth $8,247,000 after purchasing an additional 43,091 shares during the last quarter. Wealth High Governance Asset Management Ltda. lifted its stake in Century Aluminum by 115.8% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 118,950 shares of the industrial products company’s stock valued at $6,981,000 after acquiring an additional 63,818 shares during the last quarter. PVG Asset Management Corp lifted its stake in Century Aluminum by 531.2% in the first quarter. PVG Asset Management Corp now owns 33,098 shares of the industrial products company’s stock valued at $1,805,000 after acquiring an additional 27,854 shares during the last quarter. NewEdge Advisors LLC grew its position in Century Aluminum by 1,862.2% in the first quarter. NewEdge Advisors LLC now owns 4,513 shares of the industrial products company’s stock worth $265,000 after acquiring an additional 4,283 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Century Aluminum by 98.0% in the first quarter. Bank of America Corp DE now owns 608,794 shares of the industrial products company’s stock worth $35,730,000 after acquiring an additional 301,268 shares in the last quarter. Institutional investors and hedge funds own 61.59% of the company’s stock.

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.