Century Aluminum Company – Nasdaq: CENX
Several analysts downgraded shares of Century Aluminum Company in 2016, but since then shares of the company, trade on the Nasdaq under ticker CENX, have been on a steady rise. This week alone, CENX has appreciated over 24%.
Century Aluminum Company operates three U.S. aluminum smelters, in Hawesville, Kentucky, Robards, Kentucky, and Mt. Holly, South Carolina, and one smelter in Grundartangi, Iceland. In 2008, Century Aluminum commenced construction on a new aluminum reduction facility in Helguvik, Iceland, construction of which is currently curtailed. Century’s primary aluminum facilities produce standard grade and value-added primary aluminum products.
Century Aluminum has also benefitted from a complaint filed by the U.S. with the World Trade Organization that accuses China of expanding its aluminum production through cheap loans provided by state-run banks and subsidized energy prices. The U.S. claims that subsidies have allowed Chinese aluminum producers to flood the market with cheap, subsidized aluminum and take market share from other countries around the world.
Four firms follow Century Aluminum Company. All four rate CENX shares as a “Hold”. The consensus price target for CENX is $7.50.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 2:12 PM EST||$ 15.82|
|Average Volume||2.41 million|
|Market Cap||$1.2 Billion|
|Shares Outstanding||84.04 million|
|Share Float||49.19 million|
|Short Interest Ratio||5.54|