Price Target Update on Century Aluminum Company (NASDAQ:CENX)

Century Aluminum Company (NASDAQ:CENX) : The highest short term price target forecast on Century Aluminum Company (NASDAQ:CENX) is $8 and the lowest target price is $8. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $7.75 with a standard deviation of $0.35.

Other Equity analysts have also commented on the company shares. Equity Analysts at the BMO Capital downgrades the rating on Century Aluminum Company (NASDAQ:CENX). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on February 23, 2016.

Century Aluminum Company (NASDAQ:CENX): stock turned positive on Thursday. Though the stock opened at $6.55, the bulls momentum made the stock top out at $6.9401 level for the day. The stock recorded a low of $6.41 and closed the trading day at $6.89, in the green by 7.99%. The total traded volume for the day was 2,036,063. The stock had closed at $6.38 in the previous days trading.

The company shares have dropped -41.41% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $11.32 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $6.72 and the 200 Day Moving Average price is recorded at $6.00.

Century Aluminum Company (Century) is a holding company, engaged in the production of primary aluminum and operation of aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates three United States aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt. Holly, South Carolina (Mt. Holly), and one smelter in Grundartangi, Iceland (Grundartangi). The Company produces several primary products at its facilities, which include billet, foundry, slab and sow. The Companys annual primary aluminum production capacity is approximately 1,166,000 tons per year (tpy). In addition to its primary aluminum assets, the Company also owns a carbon anode production facility located in Vlissingen, the Netherlands (Vlissingen) and Baise Haohai Carbon Company, Ltd. (BHH) that owns and operates a carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China.

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