Shares of Century Aluminum Co (NASDAQ:CENX) shot up 9.8% on Tuesday . The stock traded as high as $13.10 and last traded at $12.94. 4,130,081 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 2,083,213 shares. The stock had previously closed at $11.78.

Several research firms have weighed in on CENX. ValuEngine raised shares of Century Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of Century Aluminum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 5th. BidaskClub raised shares of Century Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, B. Riley began coverage on shares of Century Aluminum in a research note on Thursday, June 21st. They set a “buy” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.17.

The company has a market cap of $991.64 million, a P/E ratio of 35.94 and a beta of 0.70. The company has a current ratio of 2.89, a quick ratio of 1.16 and a debt-to-equity ratio of 0.29.

Century Aluminum (NASDAQ:CENX) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $470.00 million during the quarter, compared to the consensus estimate of $458.03 million. Century Aluminum had a net margin of 4.22% and a return on equity of 8.11%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 earnings per share. equities analysts predict that Century Aluminum Co will post 0.91 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Swiss National Bank increased its position in shares of Century Aluminum by 5.6% during the first quarter. Swiss National Bank now owns 91,150 shares of the industrial products company’s stock valued at $1,508,000 after buying an additional 4,800 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Century Aluminum during the first quarter valued at about $321,000. BlackRock Inc. increased its position in shares of Century Aluminum by 1.4% during the first quarter. BlackRock Inc. now owns 6,464,997 shares of the industrial products company’s stock valued at $106,930,000 after buying an additional 89,725 shares during the period. Matarin Capital Management LLC purchased a new position in shares of Century Aluminum during the first quarter valued at about $6,509,000. Finally, JPMorgan Chase & Co. increased its position in shares of Century Aluminum by 329.9% during the first quarter. JPMorgan Chase & Co. now owns 1,340,691 shares of the industrial products company’s stock valued at $22,176,000 after buying an additional 1,028,829 shares during the period. 56.00% of the stock is owned by hedge funds and other institutional investors.

Century Aluminum Company Profile (NASDAQ:CENX)

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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