Century Aluminum (NASDAQ:CENX) Price Target Raised to $25.00 at B. Riley

Key Points

• B. Riley has raised its target price for Century Aluminum (NASDAQ:CENX) from $24.00 to $25.00, indicating a potential upside of 5.31% from the current price, while maintaining a "buy" rating on the stock.
• In separate news, Wall Street Zen downgraded Century Aluminum from a "buy" rating to a "hold" rating, reflecting mixed sentiment among analysts.
• Recent institutional trading shows significant investment activity, with 61.59% of the stock owned by institutions, highlighting increased interest in Century Aluminum.

Century Aluminum (NASDAQ:CENX - Get Free Report) had its target price boosted by analysts at B. Riley from $24.00 to $25.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. B. Riley's price objective points to a potential upside of 8.65% from the stock's previous close. B. Riley also issued estimates for Century Aluminum's Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.00 EPS, FY2026 earnings at $3.00 EPS and FY2027 earnings at $2.34 EPS.

Separately, Wall Street Zen lowered Century Aluminum from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd.

Century Aluminum Stock Up 1.6%

Shares of Century Aluminum stock traded up $0.37 during trading on Friday, reaching $23.01. The stock had a trading volume of 2,813,424 shares, compared to its average volume of 1,684,167. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 19.84 and a beta of 2.53. The stock has a fifty day moving average price of $19.78 and a two-hundred day moving average price of $18.42. Century Aluminum has a 52 week low of $11.63 and a 52 week high of $25.39. The company has a current ratio of 1.84, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66.

Century Aluminum (NASDAQ:CENX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). The firm had revenue of $628.10 million during the quarter, compared to the consensus estimate of $606.10 million. Century Aluminum had a net margin of 4.94% and a return on equity of 18.18%. Sell-side analysts predict that Century Aluminum will post 2.76 EPS for the current fiscal year.

Institutional Trading of Century Aluminum

Institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its stake in Century Aluminum by 60.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,622 shares of the industrial products company's stock valued at $773,000 after buying an additional 15,683 shares during the period. GAMMA Investing LLC increased its stake in shares of Century Aluminum by 13.1% during the first quarter. GAMMA Investing LLC now owns 5,418 shares of the industrial products company's stock worth $101,000 after purchasing an additional 628 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Century Aluminum by 130.4% during the first quarter. Teacher Retirement System of Texas now owns 33,414 shares of the industrial products company's stock worth $620,000 after purchasing an additional 18,909 shares during the period. New York State Common Retirement Fund increased its stake in shares of Century Aluminum by 21.3% during the first quarter. New York State Common Retirement Fund now owns 359,867 shares of the industrial products company's stock worth $6,679,000 after purchasing an additional 63,086 shares during the period. Finally, Alberta Investment Management Corp bought a new position in shares of Century Aluminum during the first quarter worth approximately $4,918,000. Institutional investors own 61.59% of the company's stock.

Century Aluminum Company Profile

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.