BMO Capital Markets Increases Century Aluminum (NASDAQ:CENX) Price Target to $16.00

Century Aluminum (NASDAQ:CENX) had its price target increased by BMO Capital Markets from $15.00 to $16.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the industrial products company’s stock.

Several other research firms also recently weighed in on CENX. B. Riley raised Century Aluminum from a neutral rating to a buy rating and boosted their target price for the company from $10.00 to $14.00 in a research report on Tuesday, January 9th. StockNews.com raised shares of Century Aluminum from a sell rating to a hold rating in a research note on Wednesday, February 28th.

Century Aluminum Price Performance

Shares of CENX traded up $0.53 during mid-day trading on Thursday, hitting $16.81. 1,228,864 shares of the stock were exchanged, compared to its average volume of 1,517,614. The firm has a 50-day moving average of $14.53 and a two-hundred day moving average of $11.13. Century Aluminum has a 52-week low of $5.70 and a 52-week high of $18.64. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.38 and a current ratio of 1.67. The company has a market cap of $1.56 billion, a PE ratio of 7.71 and a beta of 2.67.

Century Aluminum (NASDAQ:CENX) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.23) by $0.53. Century Aluminum had a net margin of 10.72% and a return on equity of 4.27%. The business had revenue of $512.30 million during the quarter, compared to analyst estimates of $514.40 million. On average, equities analysts predict that Century Aluminum will post -0.16 earnings per share for the current year.

Institutional Trading of Century Aluminum

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Century Aluminum during the 3rd quarter valued at about $1,992,000. Schonfeld Strategic Advisors LLC lifted its holdings in Century Aluminum by 33.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 86,628 shares of the industrial products company’s stock worth $623,000 after buying an additional 21,716 shares during the period. Assenagon Asset Management S.A. boosted its position in Century Aluminum by 255.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 350,739 shares of the industrial products company’s stock valued at $2,522,000 after acquiring an additional 252,095 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Century Aluminum in the 4th quarter valued at $68,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of Century Aluminum by 156.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 201,567 shares of the industrial products company’s stock valued at $1,449,000 after acquiring an additional 122,915 shares during the period. Hedge funds and other institutional investors own 61.59% of the company’s stock.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, engages in the production of standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates an alumina production facility in Iceland, and a carbon anode production facility in the Netherlands.