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B.Riley FBR Thinks Century Aluminum’s Stock is Going to Recover


In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Century Aluminum (NASDAQ: CENX), with a price target of $20. The company’s shares closed yesterday at $10.52, close to its 52-week low of $9.85.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 6.8% and a 59.3% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Currently, the analyst consensus on Century Aluminum is a Moderate Buy with an average price target of $16.75.

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The company has a one-year high of $24.77 and a one-year low of $9.85. Currently, Century Aluminum has an average volume of 2.08M.

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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.