BMO Capital Keeps Their Hold Rating on Century Aluminum

By Ryan Adsit

BMO Capital analyst David Gagliano reiterated a Hold rating on Century Aluminum (NASDAQ: CENX) on June 27 and set a price target of $14. The company’s shares closed on Friday at $15.58, close to its 52-week high of $17.28.

According to, Gagliano is a 3-star analyst with an average return of 3.2% and a 45.1% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Stillwater Mining Company.

Currently, the analyst consensus on Century Aluminum is Hold and the average price target is $15.38, representing a -1.3% downside.

In a report issued on June 23, Deutsche Bank also upgraded the stock to Hold with a $15 price target.

Based on Century Aluminum’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $366 million and GAAP net loss of $15.14 million. In comparison, last year the company earned revenue of $319 million and had a GAAP net loss of $16.16 million.

Based on the recent corporate insider activity of 20 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.