Century Aluminum Company Stock Rating Lowered to 'sell'

CRT Capital downgraded shares of Century Aluminum Company from a fair value rating to a sell rating in a research note released on Thursday morning. They currently have $7.00 price target on the stock.

Shares of Century Aluminum Company traded up 1.49% during mid-day trading on Thursday, hitting $9.52. Century Aluminum Company has a one year low of $5.52 and a one year high of $11.30. The stock’s 50-day moving average is currently $8.33. The company’s market cap is $842.4 million.

Century Aluminum Company last released its earnings data on Thursday, November 1st. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.26) by $0.12. The company had revenue of $304.60 million for the quarter, compared to the consensus estimate of $300.20 million. Century Aluminum Company’s revenue was down 11.9% compared to the same quarter last year. Analysts expect that Century Aluminum Company will post $-0.64 EPS for the current fiscal year.

Century Aluminum Company (Century) is engaged in producing aluminum. The primary aluminum capacity includes the facility in Grundartangi, Iceland with capacity of 260,000 metric tons per year (mtpy), the facility in Hawesville, Kentucky (Hawesville) with capacity of 244,000 mtpy; a facility in Ravenswood, West Virginia (Ravenswood), currently curtailed, with capacity of 170,000 mtpy; and a 49.