Century Aluminum Company (Nasdaq: CENX) Rises Steadily in Daily Trading

Century Aluminum Company; Nasdaq: CENX

Shares of Century Aluminum Company closed at $8.48 yesterday, opened a few cents higher, and have been on a steady climb throughout the day. At the time of this writing (2:24 PM EST) CENX was trading around today’s high of $9.50.

Century Aluminum Company is a global producer of primary aluminum and operates aluminum reduction facilities in the United States and Iceland. Century Aluminum Company operates three U.S. aluminum smelters, in Hawesville, Kentucky (Hawesville), Robards, Kentucky (Sebree) and Mt. Holly, South Carolina (Mt. Holly), and one smelter in Grundartangi, Iceland (Grundartangi). The company is traded on the Nasdaq under the ticker CENX.

Four well known investments banks cover shares of CENX and all provide a price target ($7) below current trading levels. All also have a neutral rating of “Hold” on CENX. Further investigation into breaking news reports produced no information that might suggest a reason for the stock’s steady rise today.

Sales for Century Aluminum Company have risen from $1.36 Billion (2011) to $1.95 Billion in 2015. However investors should also note that last year CENX produced an EPS loss of $0.55. Also of note is the Century Aluminum’s CFO recently left the company.

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.

Ticker Symbol CENX
Last Price a/o 2:41 EST  $               9.53
Average Volume 1.99 million
Market Cap $756 million
Sales $1.36 Billion
Shares Outstanding 89.1 million
Share Float 49.3 million
Shortable Yes
Optionable Yes
Inside Ownership 0.20%
Short Float 23.80%
Short Interest Ratio 5.88
Quarterly Return 40.33%
YTD Return 92.08%
Year Return 122.25%

Author: James Marion

James Marion is a University of Houston student studying Business with a concentration in Finance.

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