Century Aluminum Company (Nasdaq: CENX) Shares Continue Rise

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.

1/24/2017
Ticker Symbol CENX
Last Price a/o 2:12 PM EST  $                    15.82
Average Volume 2.41 million
Market Cap $1.2 Billion
Sales $1.36 Billion
Shares Outstanding 84.04 million
Share Float 49.19 million
Shortable Yes
Optionable Yes
Inside Ownership 43.80%
Short Float 27.22%
Short Interest Ratio 5.54
Quarterly Return 95.49%
YTD Return 67.17%
Year Return 300.84%

Century Aluminum (Nasdaq: CENX) Up on WTO Complaint Reports

Century Aluminum Company – Nasdaq: CENX

Reports that the U.S. may launch formal complaints with the World Trade Organization against Chinese aluminum producers sent shares of Century Aluminum (Nasdaq: CENX) up at least 10% in early trading. The U.S. intends, according to reports, to accuse China of providing below-market financing to Chinese aluminum companies that allowed them to modernize their plants and expand production. Also, allegedly in the complaint, are accusations that the Chinese aluminum producers were sold energy, in the form of coal and electricity, at below-market rates.

Chicago, IL-based Century Aluminum Company is a global producer of aluminum and operates aluminum reduction facilities in the United States and Iceland. Century Aluminum owns 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 began construction on an aluminum reduction facility in Helguvik, Iceland, construction of which is currently delayed.

Four firms follow Century Aluminum Company and all rate shares of CENX as a “Hold”. CENX is currently trading above its consensus price target of $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.

1/12/2017
Ticker Symbol CENX
Last Price a/o 10:13 AM EST  $                    10.01
Average Volume 2 million
Market Cap $809 million
Sales $1.36 Billion
Shares Outstanding 90 million
Share Float 49.3 million
Shortable Yes
Optionable Yes
Inside Ownership 43.00%
Short Float 23.31%
Short Interest Ratio 5.63
Quarterly Return 20.51%
YTD Return 5.02%
Year Return 201.68%