Century Aluminum Company (NASDAQ:CENX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $76.00.

Several analysts have commented on CENX shares. BMO Capital Markets set a $75.00 price objective on shares of Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Weiss Ratings lowered Century Aluminum from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. B. Riley Financial lowered their target price on Century Aluminum from $86.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Wall Street Zen cut Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Wells Fargo & Company increased their price target on Century Aluminum from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th.

Hedge Funds Weigh In On Century Aluminum

Several large investors have recently modified their holdings of the business. Lido Advisors LLC lifted its holdings in shares of Century Aluminum by 1.4% during the first quarter. Lido Advisors LLC now owns 13,091 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 180 shares during the last quarter. Summit Global Investments grew its stake in shares of Century Aluminum by 3.2% in the 1st quarter. Summit Global Investments now owns 7,866 shares of the industrial products company’s stock worth $462,000 after buying an additional 241 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Century Aluminum by 26.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,419 shares of the industrial products company’s stock valued at $83,000 after buying an additional 297 shares in the last quarter. ProShare Advisors LLC increased its position in Century Aluminum by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 10,269 shares of the industrial products company’s stock valued at $402,000 after buying an additional 308 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Century Aluminum by 48.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,185 shares of the industrial products company’s stock valued at $47,000 after buying an additional 386 shares during the last quarter. Hedge funds and other institutional investors own 61.59% of the company’s stock.

Century Aluminum Stock Performance

Shares of NASDAQ:CENX traded down $0.44 during midday trading on Friday, reaching $44.67. The company had a trading volume of 1,527,808 shares, compared to its average volume of 2,460,994. The stock has a market cap of $4.42 billion, a P/E ratio of 13.33 and a beta of 1.96. The company’s 50 day moving average price is $56.39 and its 200 day moving average price is $53.51. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37. Century Aluminum has a 52-week low of $19.10 and a 52-week high of $70.43.

About Century Aluminum

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.