B. Riley Issues Positive Forecast for Century Aluminum (NASDAQ:CENX) Stock Price

Key Points

• B. Riley raised its target price for Century Aluminum from $25.00 to $28.00, suggesting a potential upside of 27.91% from the previous close.
• Despite the positive outlook from B. Riley, Wall Street Zen downgraded the stock from "buy" to "hold," highlighting mixed analyst ratings overall.
• In its latest quarterly report, Century Aluminum reported a loss of $0.05 per share, missing the consensus estimate, even as revenue exceeded expectations at $628.10 million.

Century Aluminum (NASDAQ:CENX - Get Free Report) had its target price boosted by B. Riley from $25.00 to $28.00 in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the industrial products company's stock. B. Riley's price objective indicates a potential upside of 7.32% from the stock's previous close. B. Riley also issued estimates for Century Aluminum's Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.19 EPS, FY2025 earnings at $2.30 EPS, FY2026 earnings at $4.08 EPS and FY2027 earnings at $3.88 EPS.

Several other equities research analysts have also commented on CENX. BMO Capital Markets reiterated an "outperform" rating on shares of Century Aluminum in a research note on Friday, August 8th. Zacks Research upgraded Century Aluminum from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 18th. Finally, Wall Street Zen lowered Century Aluminum from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, Century Aluminum presently has an average rating of "Buy" and an average price target of $25.67.

Century Aluminum Price Performance

NASDAQ CENX traded up $1.57 during trading hours on Tuesday, reaching $26.09. The company's stock had a trading volume of 3,394,320 shares, compared to its average volume of 1,295,130. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 22.49 and a beta of 2.55. Century Aluminum has a 1-year low of $13.05 and a 1-year high of $26.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.75 and a quick ratio of 0.61. The company's 50-day moving average is $21.83 and its two-hundred day moving average is $18.98.

Century Aluminum (NASDAQ:CENX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.39). The business had revenue of $628.10 million during the quarter, compared to analyst estimates of $606.10 million. Century Aluminum had a return on equity of 18.02% and a net margin of 4.94%. On average, equities analysts predict that Century Aluminum will post 2.76 EPS for the current year.

Insider Activity

In other news, SVP Matt Aboud sold 12,027 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $23.27, for a total value of $279,868.29. Following the completion of the sale, the senior vice president directly owned 62,589 shares in the company, valued at $1,456,446.03. This represents a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Century Aluminum

A number of large investors have recently made changes to their positions in CENX. Boston Partners grew its position in shares of Century Aluminum by 340.1% in the second quarter. Boston Partners now owns 1,733,668 shares of the industrial products company's stock valued at $31,248,000 after purchasing an additional 1,339,744 shares in the last quarter. Sourcerock Group LLC grew its position in shares of Century Aluminum by 612.0% in the second quarter. Sourcerock Group LLC now owns 1,424,088 shares of the industrial products company's stock valued at $25,662,000 after purchasing an additional 1,224,088 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Century Aluminum in the first quarter valued at approximately $19,317,000. Nuveen LLC purchased a new stake in shares of Century Aluminum in the first quarter valued at approximately $14,726,000. Finally, Encompass Capital Advisors LLC purchased a new stake in shares of Century Aluminum in the first quarter valued at approximately $13,920,000. 61.59% of the stock is currently owned by hedge funds and other institutional investors.

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.