Streetbeat News

CENX

Century Aluminum Company

https://centuryaluminum.com

Industry

Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.

Open

21.64

Mkt cap

2.1B

Volume

1.1M

High

22.29

P/E Ratio

7.02

52-wk high

22.77

Low

21.30

Div yield

N/A

52-wk low

6.55

Metal and material company shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt for stimulus.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:50 pm

Bank of America forecasts aluminum prices to reach $3,000 per ton next year, with a supply increase of only 1.3% year-over-year in 2025, compared to a 3.7% average over the past decade.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:43 pm

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Century Aluminum announced the resumption of normal shipping operations at Jamalco's Rocky Point Port. However, in Iceland, power curtailments for maintenance will reduce production at the Grundartangi smelter by 2,500 MT in Q3.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 11:42 am

The metals and mining sector is experiencing a decline in share prices due to weak market conditions. This is influenced by August's ISM Manufacturing PMI data indicating economic contraction and anticipation of non-farm payrolls data, which could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:23 pm

Century Aluminum shares are trading higher after the company reported better-than-expected Q2 financial results last week.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 7:53 pm

U.S. stocks were mostly lower on Monday, with the Dow Jones index falling around 150 points. However, several stocks saw significant gains. KE Holdings (NYSE:BEKE) rose 6.9% after reporting better-than-expected Q2 results and increasing its repurchase authorization. Revance Therapeutics (NASDAQ:RVNC) surged 85.4% following a merger agreement with Crown Laboratories. KeyCorp (NYSE:KEY) shares jumped 13% after Scotiabank acquired a 14.9% stake. Other notable gainers included Montauk Renewables (NASDAQ:MNTK), New Fortress Energy (NASDAQ:NFE), and Starbucks (NASDAQ:SBUX).

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 2:09 pm

B. Riley Securities has maintained a Buy rating on Century Aluminum (NASDAQ:CENX) but lowered the price target from $24 to $22.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:35 pm

BMO Capital analyst Katja Jancic maintains a Market Perform rating on Century Aluminum (NASDAQ:CENX) but lowers the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:01 pm

Century Aluminum (CENX) has projected its Q3 adjusted EBITDA to be in the range of $65 million to $75 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:16 pm

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