Century Aluminum Co (NASDAQ:CENX) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other equities analysts also recently commented on the stock. Cowen and Company boosted their target price on shares of Century Aluminum from $11.00 to $16.00 and gave the stock a “market perform” rating in a research note on Thursday, April 27th. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and boosted their price target for the company from $10.00 to $15.00 in a research report on Friday, June 23rd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $14.00 price target on shares of Century Aluminum in a research report on Sunday, July 2nd. Finally, J P Morgan Chase & Co raised shares of Century Aluminum from a “neutral” rating to an “overweight” rating and upped their target price for the company from $15.00 to $22.00 in a report on Monday, August 21st. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.20.

Century Aluminum (NASDAQ:CENX) traded down 0.93% on Thursday, hitting $18.09. The stock had a trading volume of 2,270,456 shares. The firm’s market capitalization is $1.58 billion. The stock’s 50-day moving average is $16.23 and its 200 day moving average is $14.51. Century Aluminum has a 1-year low of $5.53 and a 1-year high of $19.08.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.28. The business had revenue of $388.80 million during the quarter, compared to analyst estimates of $398.33 million. Century Aluminum had a return on equity of 3.83% and a net margin of 1.90%. The business’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. On average, equities research analysts predict that Century Aluminum will post $0.46 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Clinton Group Inc. purchased a new position in Century Aluminum during the first quarter valued at about $143,000. Mason Street Advisors LLC boosted its position in Century Aluminum by 7.2% in the first quarter. Mason Street Advisors LLC now owns 11,629 shares of the industrial products company’s stock valued at $148,000 after buying an additional 783 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Century Aluminum by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 9,816 shares of the industrial products company’s stock valued at $152,000 after buying an additional 4,326 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Century Aluminum during the second quarter valued at about $160,000. Finally, 361 Capital LLC purchased a new position in Century Aluminum during the first quarter valued at about $162,000. 65.17% of the stock is owned by hedge funds and other institutional investors.

About Century Aluminum

Century Aluminum Company (Century) is a holding company, which is a producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. The Company operates through primary aluminum segment. The Company’s primary aluminum facilities produce standard grade primary aluminum products.

Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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