In a report released yesterday, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Century Aluminum (CENX), with a price target of $15. The company’s shares closed last Monday at $5.26, close to its 52-week low of $5.02.
According to TipRanks.com, Pipes is ranked 0 out of 5 stars with an average return of -5.3% and a 39.4% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.
Century Aluminum has an analyst consensus of Moderate Buy, with a price target consensus of $10.50.
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The company has a one-year high of $13.47 and a one-year low of $5.02. Currently, Century Aluminum has an average volume of 1.26M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CENX in relation to earlier this year.
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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.
