Century Aluminum (CENX) Stock Price, News & Analysis

Company Overview

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. The company was founded in 1995 and is headquartered in Chicago, Illinois.

Key Stats

• Today's Range: $17.62 to $18.68
• 50-Day Range: $16.67 to $23.94
• 52-Week Range: $9.65 to $25.39
• Volume: 3.18 million shs
• Average Volume: 1.31 million shs
• Market Capitalization: $1.70 billion
• P/E Ratio: 6.13
• Dividend Yield: N/A
• Price Target: $23.00
• Consensus Rating: Moderate Buy

Century Aluminum Stock Analysis - MarketRank™

Century Aluminum scored higher than 90% of companies evaluated by MarketBeat, and ranked 33rd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Century Aluminum has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Century Aluminum has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 462.50%

Earnings Growth

Earnings for Century Aluminum are expected to grow by 462.50% in the coming year, from $0.56 to $3.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Century Aluminum is 6.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Century Aluminum is 6.13, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Century Aluminum has a P/B Ratio of 4.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.21% of the float of Century Aluminum has been sold short.

Short Interest Ratio / Days to Cover

Century Aluminum has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Century Aluminum has recently decreased by 11.88%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Century Aluminum does not currently pay a dividend.

Dividend Growth

Century Aluminum does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -6.41

Percentage of Shares Shorted

8.21% of the float of Century Aluminum has been sold short.

Short Interest Ratio / Days to Cover

Century Aluminum has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Century Aluminum has recently decreased by 11.88%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.96

News Sentiment

Century Aluminum has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Century Aluminum this week, compared to 4 articles on an average week.

Search Interest

Only 11 people have searched for CENX on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.

MarketBeat Follows

6 people have added Century Aluminum to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Century Aluminum insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.68% of the stock of Century Aluminum is held by insiders.

Percentage Held by Institutions

61.59% of the stock of Century Aluminum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CENX Stock Analysis - Frequently Asked Questions

How have CENX shares performed this year?

Century Aluminum's stock was trading at $12.14 at the beginning of the year. Since then, CENX shares have increased by 51.0% and is now trading at $18.33.
View the best growth stocks for 2024 here.

How were Century Aluminum's earnings last quarter?

Century Aluminum (NASDAQ:CENX) posted its earnings results on Monday, November, 4th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.31. The industrial products company had revenue of $539.10 million for the quarter, compared to the consensus estimate of $587.10 million. Century Aluminum had a trailing twelve-month return on equity of 11.37% and a net margin of 14.60%.

Does Century Aluminum have any subsidiaries?

Century Aluminum subsidiaries include these companies: Century Aluminum Asia Holdings Limited, Century Aluminum Congo S.A., Century Aluminum Development LLC, Century Aluminum Holdings LLC, Century Aluminum of Kentucky General Partnership, Century Aluminum of Kentucky LLC, Century Aluminum of South Carolina Inc., and others.

Who are Century Aluminum's major shareholders?

Top institutional shareholders of Century Aluminum include Mountaineer Partners Management LLC (24.62%), State Street Corp (3.66%), Fisher Asset Management LLC (1.78%) and Castle Hook Partners LP (1.63%). Insiders that own company stock include Jesse E Gary, Robert F Hoffman, Matt Aboud, John Dezee, Michelle Harrison and Craig C Conti.
View institutional ownership trends.

How do I buy shares of Century Aluminum?

Shares of CENX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Century Aluminum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Century Aluminum investors own include NVIDIA (NVDA), Rite Aid (RAD), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Palo Alto Networks (PANW) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Primary aluminum
• Sub-Industry: Aluminum
• Current Symbol: NASDAQ:CENX
• CUSIP: 15643110
• CIK: 949157
• Web: centuryaluminum.com
• Phone: (312) 696-3101
• Fax: 312-696-3102
• Employees: 2,939
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $27.00
• Low Stock Price Target: $18.00
• Potential Upside/Downside: +25.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.99
• Trailing P/E Ratio: 6.13
• Forward P/E Ratio: 32.73
• P/E Growth: N/A
• Net Income: $-43,100,000.00
• Net Margins: 14.60%
• Pretax Margin: 15.02%
• Return on Equity: 11.37%
• Return on Assets: 3.29%

Debt

• Debt-to-Equity Ratio: 0.71
• Current Ratio: 1.71
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: $2.10 billion
• Price / Sales: 0.81
• Cash Flow: $0.29 per share
• Price / Cash Flow: 63.15
• Book Value: $3.72 per share
• Price / Book: 4.93

Miscellaneous

• Outstanding Shares: 92,799,000
• Free Float: 92,168,000
• Market Cap: $1.70 billion
• Optionable: Optionable
• Beta: 2.50