Century Aluminum (NASDAQ:CENX) Reaches New 52-Week High - Time to Buy?

Shares of Century Aluminum (NASDAQ:CENX - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $24.09 and last traded at $23.87, with a volume of 247135 shares trading hands. The stock had previously closed at $21.12.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CENX. B. Riley boosted their price objective on shares of Century Aluminum from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Century Aluminum from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Finally, BMO Capital Markets raised their price target on shares of Century Aluminum from $16.00 to $18.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th.

Century Aluminum Trading Up 7.1 %

The company has a quick ratio of 0.56, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $16.97 and a 200-day moving average price of $16.45. The firm has a market capitalization of $2.10 billion, a P/E ratio of 7.57 and a beta of 2.47.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a net margin of 14.60% and a return on equity of 11.37%. The business had revenue of $539.10 million for the quarter, compared to analyst estimates of $587.10 million. During the same period in the previous year, the business earned ($0.13) EPS. Analysts anticipate that Century Aluminum will post 0.56 earnings per share for the current year.

Institutional Trading of Century Aluminum

A number of large investors have recently bought and sold shares of the stock. Texas Permanent School Fund Corp lifted its position in shares of Century Aluminum by 2.5% during the first quarter. Texas Permanent School Fund Corp now owns 45,288 shares of the industrial products company's stock worth $697,000 after purchasing an additional 1,102 shares in the last quarter. SG Americas Securities LLC bought a new position in Century Aluminum during the first quarter worth about $601,000. Russell Investments Group Ltd. grew its position in shares of Century Aluminum by 7,779.8% in the 1st quarter. Russell Investments Group Ltd. now owns 7,013 shares of the industrial products company's stock valued at $108,000 after purchasing an additional 6,924 shares during the period. ProShare Advisors LLC bought a new stake in shares of Century Aluminum during the first quarter worth $163,000. Finally, Vanguard Group Inc. increased its holdings in Century Aluminum by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,819,805 shares of the industrial products company's stock worth $89,567,000 after purchasing an additional 39,900 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.

Century Aluminum Company Profile

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.