BMO Capital Remains a Hold on Century Aluminum

By Austin Angelo

In a report released yesterday, David Gagliano from BMO Capital reiterated a Hold rating on Century Aluminum (NASDAQ: CENX), with a price target of $14. The company’s shares closed yesterday at $13.62.

According to, Gagliano is a 4-star analyst with an average return of 8.8% and a 53.1% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Stillwater Mining Company, and Westmoreland Coal Company.

Century Aluminum has an analyst consensus of Moderate Sell, with a price target consensus of $12.

Based on Century Aluminum’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $340 million and GAAP net loss of $168 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 16 insiders, corporate insider sentiment is neutral on the stock. Last month, Michelle Lair, the Sr. VP Finance & Treasurer of CENX sold 6,997 shares for a total of $97,461.

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Century Aluminum Co. engages in the management of plants and manufacture of aluminum products. It produces ingots, billets, and alloys. The company was founded in 1995 and is headquartered in Chicago, IL.