B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Century Aluminum (CENX) on March 18 and set a price target of $16. The company’s shares opened today at $8.83.
According to TipRanks.com, Pipes is a 2-star analyst with an average return of 0.5% and a 47.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, CONSOL Coal Resources LP, and Teck Resources Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Century Aluminum with a $12.50 average price target.
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Based on Century Aluminum’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $65 million. In comparison, last year the company had a net profit of $32.96 million.
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Century Aluminum Co. is a producer of aluminum and operates aluminum reduction facilities producer of primary aluminum and operates aluminum reduction facilities, or smelters, in the United States and Iceland. Its products include standard ingots, T-ingot, extrusion billet, horizontal direct chill ingot, molten, slab, and sow.
