Century Aluminum Company (CENX) : Analyst Rating Update

Century Aluminum Company (CENX) : The consensus on Century Aluminum Company (CENX) based on 3 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Century Aluminum Company (CENX) stock is expected to deviate a maximum of $0.35 from the average target price of $7.75 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $8.

Century Aluminum Company (NASDAQ:CENX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.42 and $6.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.54, notching a gain of 0.77% for the day. The total traded volume was 1,928,507 . The stock had closed at $6.49 on the previous day.

The company shares have dropped -31.32% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $13.07 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $6.54 and the 200 Day Moving Average price is recorded at $6.20.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.