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

Century Aluminum Company (NASDAQ:CENX) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $80.00.

A number of brokerages have recently weighed in on CENX. BMO Capital Markets set a $75.00 target price on Century Aluminum and gave the company an “outperform” rating in a report on Thursday, April 9th. Wells Fargo & Company upped their target price on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded Century Aluminum from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Research downgraded Century Aluminum from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Finally, B. Riley Financial upped their target price on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, April 7th.

Hedge Funds Weigh In On Century Aluminum

Hedge funds have recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in Century Aluminum in the first quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in Century Aluminum in the first quarter worth approximately $42,000. Private Trust Co. NA acquired a new position in Century Aluminum in the fourth quarter worth approximately $28,000. Strs Ohio acquired a new position in Century Aluminum in the first quarter worth approximately $47,000. Finally, Transamerica Financial Advisors LLC acquired a new position in Century Aluminum in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 61.59% of the company’s stock.

Century Aluminum Price Performance

Shares of CENX opened at $53.55 on Wednesday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 15.99 and a beta of 1.90. Century Aluminum has a fifty-two week low of $16.59 and a fifty-two week high of $70.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The business’s 50-day moving average is $62.36 and its 200-day moving average is $51.71.

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.