Century Aluminum Company (CENX) Trading Up 5.9%



Century Aluminum Company (NASDAQ:CENX)’s share price was up 5.9% during trading on Tuesday . The company traded as high as $14.74 and last traded at $14.62. Approximately 3,193,129 shares were traded during trading, an increase of 36% from the average daily volume of 2,350,000 shares. The stock had previously closed at $13.81.
A number of equities analysts have recently commented on CENX shares. Zacks Investment Research lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BidaskClub lowered shares of Century Aluminum from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co lowered shares of Century Aluminum from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $22.00 to $14.50 in a report on Monday, October 30th. Cowen and Company set a $16.00 price target on shares of Century Aluminum and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, BMO Capital Markets set a $16.00 target price on shares of Century Aluminum and gave the company a “hold” rating in a report on Friday, October 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.10.
The company has a quick ratio of 1.27, a current ratio of 2.61 and a debt-to-equity ratio of 0.32.
Century Aluminum (NASDAQ:CENX) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). The firm had revenue of $388.80 million during the quarter, compared to analyst estimates of $392.28 million. Century Aluminum had a negative net margin of 10.45% and a negative return on equity of 0.17%. Century Aluminum’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.31) EPS. equities analysts forecast that Century Aluminum Company will post 0.39 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in CENX. Prudential Financial Inc. lifted its holdings in Century Aluminum by 13.6% in the first quarter. Prudential Financial Inc. now owns 96,609 shares of the industrial products company’s stock valued at $1,226,000 after buying an additional 11,538 shares during the period. Alliancebernstein L.P. lifted its holdings in Century Aluminum by 88.0% in the first quarter. Alliancebernstein L.P. now owns 69,000 shares of the industrial products company’s stock valued at $876,000 after buying an additional 32,300 shares during the period. Principal Financial Group Inc. lifted its holdings in Century Aluminum by 3.9% in the first quarter. Principal Financial Group Inc. now owns 378,009 shares of the industrial products company’s stock valued at $4,797,000 after buying an additional 14,019 shares during the period. Wellington Management Group LLP acquired a new position in Century Aluminum in the first quarter valued at $826,000. Finally, Legal & General Group Plc lifted its holdings in Century Aluminum by 6.7% in the first quarter. Legal & General Group Plc now owns 89,354 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 5,601 shares during the period. Institutional investors and hedge funds own 67.35% of the company’s stock.

About Company
Zhengzhou Joda Technology Co., Ltd. is a modernized comprehensive enterprise integrating research, manufacture, export and technical service of various types of equipments for aluminum smelters all over the world. Our products: automatic anode jacking frame, ladles accessories, aerogel insulation blanket, anode jacking system, Anode Clamp, bimetal, aluminum ladle cleaning machine, anode rod and MTV tapping tube cleaner etc.

评论

发表评论

此博客中的热门博文

How an aluminum smelter is made

图片
In an aluminum smelter usually we find several hundred pot, housed in one or more large buildings called potrooms. Inside the potroom the cells are electrically connected in series. This means that the cathode of a cell is connected with the anode rod of the next cell downstream. The electrical connection of one cell to the next one is made with a complicated system of aluminum bars with cross sectional areas suitable to transport the so high currents used with minimum voltage drops. In the most recent smelters the cells are arranged in a side by side configuration, which makes easier to lessen the adverse effects of the magnetic fields. In older smelters it’s easy to find also the end-to-end configuration. As we have seen, a cell for its basic functioning needs alumina, carbon anodes and electrical current. In an aluminum smelter, hence, together with the potroom, we find other buildings and sub plants which deliver to the potroom carbon anodes, alumina and electrical
阅读全文

There are two primary technologies using the Hall–Héroult process

图片
There are two primary technologies using the Hall–Héroult process: Söderberg technology and prebake technology. In Söderberg or self-baking anodes using cells, there is a single anode per electrolysis cell  Aluminum smelter equipment . The anode is in a frame and as the bottom of the anode turns mainly into CO2 during the electrolysis the anode loses mass and being amorphous it slowly sinks within its frame. More material to the top of the anode is continuously added in the form of briquettes made from coke and pitch. The lost heat from the smelting operation is used to bake the briquettes into the carbon form required for reaction with alumina. This baking process in Söderberg anodes during electrolysis releases more carcinogenic PAHs and other pollutants than electrolysis with prebaked anodes and partially for this reason prebaked anodes using cells have become more common in aluminum industry. More alumina is added to the electrolyte from the sides of the Söderberg anode after the
阅读全文

Disruption at Sohar Aluminum to last up to 6 months

图片
Production at Oman's Sohar Aluminum could be disrupted by as much as six months, sources said Thursday, following the "interruption" of smelting operations after an "incident" reported by the company last Friday. A trader said he expects the plant to remain closed for four to six months, with at least 150,000 mt of aluminum production lost. A second source, an aluminum producer, said he had heard it could take even longer than six months to fully restore operations, despite official statements there would be no long-term impact. "Sohar Aluminum refutes any unofficial statements, remarks, claims or communication circulated on social media, networking platforms, digital or print," according to a statement posted on the company's website since Monday. "There are no long-term implications on the daily operations of the company and we will resume normal operations at the earliest," the statement said, with the situation "immediately contr
阅读全文