Century Aluminum Company (NASDAQ:CENX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Century Aluminum Company (NASDAQ:CENX) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $80.00.

Several equities research analysts have recently issued reports on CENX shares. Wall Street Zen downgraded Century Aluminum from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research cut shares of Century Aluminum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. BMO Capital Markets set a $75.00 price target on Century Aluminum and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Wells Fargo & Company raised their price target on Century Aluminum from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, B. Riley Financial lifted their price objective on Century Aluminum from $68.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th.

Century Aluminum Price Performance

NASDAQ CENX opened at $43.76 on Friday. The firm has a market cap of $4.33 billion, a P/E ratio of 13.06 and a beta of 1.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.30 and a quick ratio of 1.36. The stock’s 50-day moving average is $57.87 and its two-hundred day moving average is $53.09. Century Aluminum has a fifty-two week low of $18.00 and a fifty-two week high of $70.43.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Glencore plc grew its holdings in Century Aluminum by 33.6% during the 4th quarter. Glencore plc now owns 53,511,894 shares of the industrial products company’s stock worth $2,096,596,000 after acquiring an additional 13,454,538 shares during the last quarter. Sourcerock Group LLC raised its stake in shares of Century Aluminum by 612.0% in the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company’s stock worth $25,662,000 after acquiring an additional 1,224,088 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Century Aluminum by 18.7% during the fourth quarter. Vanguard Group Inc. now owns 6,939,794 shares of the industrial products company’s stock worth $271,901,000 after purchasing an additional 1,094,257 shares in the last quarter. Encompass Capital Advisors LLC lifted its position in shares of Century Aluminum by 210.4% during the first quarter. Encompass Capital Advisors LLC now owns 1,551,362 shares of the industrial products company’s stock worth $91,049,000 after purchasing an additional 1,051,525 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Century Aluminum by 109.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,830,324 shares of the industrial products company’s stock valued at $107,422,000 after purchasing an additional 957,571 shares during the last quarter. 61.59% of the stock is owned by institutional investors.

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.