A Director at Century Aluminum (NASDAQ: CENX) is Buying Shares

By Carrie Williams

Today, a Director at Century Aluminum (NASDAQ: CENX), Andrew Michelmore, bought shares of CENX for $39.35K.

Following this transaction Andrew Michelmore’s holding in the company was increased by 23.2% to a total of $207.9K.

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Based on Century Aluminum’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $482 million and GAAP net loss of $20.3 million. In comparison, last year the company earned revenue of $401 million and had a net profit of $19.13 million. CENX’s market cap is $686M and the company has a P/E ratio of 23.26. Currently, Century Aluminum has an average volume of 2.89M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $15.33, reflecting a 93.1% upside. Four different firms, including B.Riley FBR and BMO Capital, currently also have a Buy rating on the stock.

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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.