Cowen & Co. Keeps Their Hold Rating on Century Aluminum

By Austin Angelo

Cowen & Co. analyst Novid Rassouli reiterated a Hold rating on Century Aluminum (NASDAQ: CENX) yesterday and set a price target of $16. The company’s shares closed yesterday at $16.74.

According to TipRanks.com, Rassouli is a 3-star analyst with an average return of 3.2% and a 48.3% success rate. Rassouli covers the Basic Materials sector, focusing on stocks such as Kaiser Aluminum Corp, United States Steel, and AK Steel Holding.

Century Aluminum has an analyst consensus of Hold, with a price target consensus of $15.

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 $327 million and had a GAAP net loss of $9.52 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.