Shares of Century Aluminum Company (NASDAQ:CENX) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.20.

Several analysts have recently weighed in on CENX shares. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Deutsche Bank AG raised shares of Century Aluminum from a “sell” rating to a “hold” rating and raised their price objective for the stock from $10.00 to $15.00 in a report on Friday, June 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price objective on shares of Century Aluminum in a report on Sunday, July 2nd. Zacks Investment Research raised shares of Century Aluminum from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, July 11th. Finally, Cowen and Company set a $16.00 price objective on shares of Century Aluminum and gave the stock a “hold” rating in a report on Wednesday, August 2nd.

Shares of Century Aluminum (CENX) traded down 1.29% during trading on Wednesday, hitting $16.08. The stock had a trading volume of 839,345 shares. The stock’s market cap is $1.40 billion. Century Aluminum has a one year low of $6.51 and a one year high of $20.68. The stock’s 50-day moving average price is $18.40 and its 200 day moving average price is $15.55.

Century Aluminum (NASDAQ:CENX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.28). The firm had revenue of $388.80 million for the quarter, compared to analyst estimates of $398.33 million. Century Aluminum had a negative return on equity of 5.61% and a negative net margin of 16.48%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS. On average, equities analysts forecast that Century Aluminum will post $0.63 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CENX. Great West Life Assurance Co. Can grew its stake in shares of Century Aluminum by 5.6% during the first quarter. Great West Life Assurance Co. Can now owns 65,322 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 3,475 shares during the last quarter. Comerica Bank grew its stake in shares of Century Aluminum by 4.9% during the first quarter. Comerica Bank now owns 55,057 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 2,550 shares during the last quarter. Swiss National Bank grew its stake in shares of Century Aluminum by 3.2% during the first quarter. Swiss National Bank now owns 86,350 shares of the industrial products company’s stock valued at $1,096,000 after purchasing an additional 2,700 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Century Aluminum during the first quarter valued at approximately $717,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Century Aluminum by 5.1% during the first quarter. Ameriprise Financial Inc. now owns 263,324 shares of the industrial products company’s stock valued at $3,341,000 after purchasing an additional 12,685 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors and hedge funds.

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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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