In yesterday’s Wall Street session, Century Aluminum Company (NASDAQ:CENX) shares traded at $7.75, down -4.67% from the previous session.
3 analysts cover Century Aluminum Company (NASDAQ:CENX), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.00, we find $7.00. Given the previous closing price of $8.13, this indicates a potential downside of -13.9 percent. CENX stock price is now 4.67% away from the 50-day moving average and -37.52% away from the 200-day moving average. The market capitalization of the company currently stands at $742.68M.
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The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
With the price target maintained at $4, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Century Aluminum Company (NASDAQ: CENX). On May 18, 2022, Wolfe Research Downgraded its previous ‘Outperform’ rating to ‘Peer Perform’ on the stock reducing its target price from $30 to quote $14, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, Gary Jesse E, President and CEO sold 49,568 shares of the company’s stock on Aug 15. The stock was sold for $440,313 at an average price of $8.88. Upon completion of the transaction, the President and CEO now directly owns 64,400 shares in the company, valued at $0.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12, President and CEO Gary Jesse E sold 50,000 shares of the business’s stock. A total of $488,800 was realized by selling the stock at an average price of $9.78. This leaves the insider owning 113,968 shares of the company worth $0.88 million. Insiders disposed of 433,772 shares of company stock worth roughly $3.36 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CENX stock. A new stake in Century Aluminum Company shares was purchased by D. E. SHAW & CO., INC. during the first quarter worth $2,709,000. SCHONFELD STRATEGIC ADVISORS LLC invested $2,367,000 in shares of CENX during the first quarter. In the first quarter, OCCUDO QUANTITATIVE STRATEGIES LP acquired a new stake in Century Aluminum Company valued at approximately $2,333,000. CLEAR SKY ADVISERS, LLC acquired a new stake in CENX for approximately $2,170,000. BOOTHBAY FUND MANAGEMENT, LLC purchased a new stake in CENX valued at around $1,182,000 in the second quarter. In total, there are 251 active investors with 57.80% ownership of the company’s stock.
On Friday morning Century Aluminum Company (NASDAQ: CENX) stock kicked off with the opening price of $8.08. During the past 12 months, Century Aluminum Company has had a low of $5.27 and a high of $30.36. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 1.90, and a quick ratio of 0.90. The fifty day moving average price for CENX is $7.43 and a two-hundred day moving average price translates $12.34 for the stock.
The latest earnings results from Century Aluminum Company (NASDAQ: CENX) was released for Jun, 2022. According to the Aluminum Company, earnings per share came in at $0.3, beating analysts’ expectations of $0.21 by 0.09. This compares to -$0.58 EPS in the same period last year. The net profit margin was 5.30% and return on equity was 33.10% for CENX. The company reported revenue of $637.2 million for the quarter, compared to $581.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.6 percent. For the current quarter, analysts expect CENX to generate $642.07M in revenue.
Investors who held shares on 09/18/2002 were paid a $0.05 dividend.
Century Aluminum Company(CENX) Company Profile
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.
