Century Aluminum (NASDAQ:CENX) Given New $24.00 Price Target at B. Riley

Century Aluminum (NASDAQ:CENX - Free Report) had its target price lifted by B. Riley from $22.00 to $24.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the industrial products company's stock.

Several other equities analysts have also recently weighed in on CENX. BMO Capital Markets cut their price target on Century Aluminum from $17.00 to $15.00 and set a "market perform" rating for the company in a report on Friday, August 9th. StockNews.com cut Century Aluminum from a "hold" rating to a "sell" rating in a report on Friday.

Century Aluminum Stock Up 20.0 %

CENX stock traded up $3.51 during midday trading on Tuesday, hitting $21.05. The stock had a trading volume of 4,339,775 shares, compared to its average volume of 1,335,476. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 9.84 and a beta of 2.47. The business has a 50-day moving average of $15.55 and a two-hundred day moving average of $16.19. Century Aluminum has a 52-week low of $6.25 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.72 and a quick ratio of 0.63.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.32 by $0.31. Century Aluminum had a negative return on equity of 0.04% and a net margin of 10.32%. The company had revenue of $539.10 million for the quarter, compared to analysts' expectations of $587.10 million. During the same period last year, the firm posted ($0.13) earnings per share. As a group, equities research analysts forecast that Century Aluminum will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Aluminum

Institutional investors and hedge funds have recently modified their holdings of the business. Versor Investments LP acquired a new position in Century Aluminum during the 3rd quarter valued at about $256,000. Los Angeles Capital Management LLC grew its holdings in Century Aluminum by 36.5% during the third quarter. Los Angeles Capital Management LLC now owns 26,977 shares of the industrial products company's stock worth $438,000 after acquiring an additional 7,212 shares during the period. Covestor Ltd boosted its position in Century Aluminum by 612.1% during the third quarter. Covestor Ltd now owns 13,993 shares of the industrial products company's stock worth $227,000 after purchasing an additional 12,028 shares in the last quarter. Principal Financial Group Inc. boosted its position in Century Aluminum by 17.0% during the third quarter. Principal Financial Group Inc. now owns 301,992 shares of the industrial products company's stock worth $4,901,000 after purchasing an additional 43,881 shares in the last quarter. Finally, Olympiad Research LP purchased a new position in shares of Century Aluminum in the third quarter valued at approximately $180,000. 61.59% of the stock is owned by institutional investors.

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.