Standpoint Research Downgrades Century Aluminum to Hold

By Carrie Williams

Standpoint Research analyst Ronnie Moas downgraded Century Aluminum (NASDAQ: CENX) to Hold on January 19. The company’s shares closed last Friday at $13.75, close to its 52-week high of $13.84.

According to TipRanks.com, Moas is a top 100 analyst with an average return of 5.8% and a 70.6% success rate. Moas covers the Technology sector, focusing on stocks such as Lexmark International, Nuance Communications, and Ultra Clean Holdings.

Century Aluminum has an analyst consensus of Hold, with a price target consensus of $9.

The company has a one year high of $13.84 and a one year low of $3.20. Currently, Century Aluminum has an average volume of 2.35M.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2011, Ag Glencore, a Major Shareholder at CENX bought 503,343 shares for a total of $4,686,123.

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.