Century Aluminum에 대한 매도 수량은 투자자에게 Century Aluminum의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Century Aluminum (NASDAQ:CENX) 주식, 공매도 수량 보고

Century Aluminum

Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum's North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands.

Earnings

Commodities

CENX

USAP

2024년 5월 1일의 주요 소식: 1. 이페리온X(NASDAQ:IPX)와 베가스 패스너 매뉴팩처링(Vegas Fastener Manufacturing)은 미국 육군 지상 차량 시스템 센터를 포함한 주요 부문을 위한 티타늄 합금 패스너 및 정밀 부품을 개발 및 제조하기 위해 파트너십을 맺었다.

수요일 주요 광업 뉴스: 이페리온X, 유니버설 스테인리스, 센추리 알루미늄, 라이어슨

Century Aluminum Co

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg" alt="" class="wp-image-3926" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-1024x580.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-300x170.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image-768x435.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213417/Top-Image.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Overcoming A 44%+ Drop In A Top Stock</h2>
We&#8217;ve done well with Super Micro Computer (SMCI) recently, buying it at $21.86 last month (&#8220;<a href="https://www.benzinga.com/markets/24/11/42052075/turning-bullish-on-supermicro">Turning Bullish On Supermicro</a>&#8220;), and seeing the stock more than double since. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="955" height="1024" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg" alt="" class="wp-image-3927" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-955x1024.jpg 955w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-280x300.jpg 280w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday-768x824.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09213503/SMCI-Monday.jpg 1119w" sizes="(max-width: 955px) 100vw, 955px" /></figure>
But SMCI was in some of our hedged portfolios created six months ago, and it dropped more than 44% over that time frame.&nbsp;
Here&#8217;s a look at one of those portfolios, and how hedging and security selection enabled it to still smoke the S&amp;P 500.&nbsp;
<h2 class="wp-block-heading">Our Hedged Portfolio From June 6th, 2024</h2>
This was the hedged portfolio our system created on June 6th, for an investor with $3,000,000 to put to work who didn&#8217;t want to risk a decline of more than 30% over the next six months. Our system started by dividing the money in seven equal parts, and allocating it to&nbsp;Abercrombie &amp; Fitch Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>),&nbsp;Century Aluminum Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>)&nbsp;Dell Technologies&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>),&nbsp;Comfort Systems USA, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>),&nbsp;Powell Industries, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), and&nbsp;Semtech Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), in addition to&nbsp;Super Micro Computer Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="538" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg" alt="" class="wp-image-3928" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214000/1-Chart--300x231.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="646" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg" alt="" class="wp-image-3930" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214220/2-Chart-1-300x277.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
Screen captures via&nbsp;<a href="https://portfolioarmor.com/">Portfolio Armor</a>&nbsp;on 6/6/2024.
Next, it rounded down those seven dollar amounts to round lots of each of those names and their optimal hedges. Then it swept most of the leftover cash from that process into a tightly collared position in MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>). 
The dollar amount of the SMCI position (circled in red in the image above) at the start was $233,376 in underlying shares and $21,900 in puts for a total position value of $255,276. We&#8217;ll come back to that in a moment.&nbsp;
<h2 class="wp-block-heading">How That Portfolio Performed Over The Next 6 Months</h2>
Over the next six months, our portfolio was up 30.52%, net of hedging and trading costs, while the&nbsp;SPDR S&amp;P 500 Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 14.4%. So it more than doubled the performance of the market, despite SMCI dropping 44%.&nbsp;
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="545" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg" alt="" class="wp-image-3931" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio-.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214404/1-Portfolio--300x234.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
<figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="700" height="282" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg" alt="" class="wp-image-3932" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio.jpg 700w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09214442/2-Portfolio-300x121.jpg 300w" sizes="(max-width: 700px) 100vw, 700px" /></figure>
You can view an interactive version of the chart above <a href="https://portfolioarmor.com/front_tests/5769" target="_blank" rel="noreferrer noopener nofollow">here</a>.
You can see the ending value for the $SMCI plus its put hedge circled in red above: $202,155.30. Recall that the starting value for that position was&nbsp;$255,276. $202,155.30 represents a 20.8% drop from $255,276.&nbsp;
<h2 class="wp-block-heading">How This Portfolio Beat The Market Despite SMCI&#8217;s 44% Drop&nbsp;</h2>
We mentioned two reasons above: hedging and security selection. Both are true, but there&#8217;s a bit more to it.&nbsp;
<ul>
<li>Although SMCI dropped by 44%&#8211;and its hedge was designed to protect against a &gt;30% drop&#8211;it nevertheless limited the drawdown to 20.8%. That was due to the positive hedging error inherent in our hedging algorithm.&nbsp;</li>
<li>Security selection helped overall here in picking mostly winners. POWL, for example, was up more than 73% over that six-month period.&nbsp;</li>
<li>Concentration helped here too. Since there were only 8 underlying securities in the portfolio, the 73% gain in POWL had a big impact.&nbsp;</li>
<li>Finally, knowing when to hedge with optimal puts rather than optimal collars was key. Our system has an algorithm to determine that, and since it hedged POWL with puts, we captured nearly all of its upside.&nbsp;</li>
</ul>
You can use our system to create hedged portfolios for dollar amounts as small as $30,000&#8211;you just need to enter the dollar amount you want to invest and largest drawdown you&#8217;re willing to risk, and our system does the rest.&nbsp;
<h2 class="wp-block-heading">If You Just Want To Hedge What You Already Have</h2>
If you are concerned about downside risk, as a reminder, you can download our iPhone hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone).&nbsp;
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215017/QR-Code-2.jpg" alt="" class="wp-image-3933" /></a></figure>
And if you would like a heads up next time we place an aggressive trade, like our recent winner on QIFU Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) 
<ol>
<li>Calls on QIFU Technologies ( QFIN 2.17%↑). Bought at $2.15 on 10/1/2024; sold (half) at $6.45 on 12/9/2024. Profit: 200%.</li>
</ol>
You can subscribe to our trading Substack/occasional email list below.&nbsp;

If you&#8217;d like to stay in touch
You can scan for optimal hedges, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>. Or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="602" height="418" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg" alt="" class="wp-image-3934" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2.jpg 602w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/12/09215518/Widget-2-300x208.jpg 300w" sizes="(max-width: 602px) 100vw, 602px" /></a></figure>

Options

Trading Ideas

DELL

MSTR

POWL

QFIN

SMCI

SMTC

How To Beat The Market When One Of Your Top Stocks Drops 44%

WIIM

Century Aluminum shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform.

Wolfe Research analyst Timna Tanners upgrades Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) from Peer Perform to Outperform.

News

Upgrades

Analyst Ratings

Wolfe Research Upgrades Century Aluminum to Outperform

<a href="https://www.reuters.com/markets/commodities/china-cut-or-cancel-export-tax-rebates-products-including-aluminium-copper-2024-11-15/">https://www.reuters.com/markets/commodities/china-cut-or-cancel-export-tax-rebates-products-including-aluminium-copper-2024-11-15/</a>
&nbsp;
China's finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1.
The country will reduce the export tax rebate rate for some refined oil products, photovoltaics, batteries, and certain non-metallic mineral products from 13% to 9%.
It will also cancel the rebate for aluminum and copper products and chemically modified animal, plant, or microbial oils and fats.
The announcement triggered a jump in aluminium prices on the London Metal Exchange as traders anticipated it may curb a heavy flow of Chinese aluminium abroad.
The news also contributed to a sharp rise in U.S. soyoil prices as it appeared Chinese used cooking oil would be covered by the changes.
Chinese shipments of used cooking oil to the <a href="https://www.reuters.com/markets/commodities/trump-trade-policy-seen-wild-card-us-soybean-farmers-opportunity-crushers-2024-11-13/">United States</a> and Europe for use in biofuel have challenged locally produced feedstocks like soyoil.
China's used cooking oil exports typically fall under the customs category of chemically modified animal, plant, or microbial oils and fats category, for which export rebates will be scrapped.

Macro Economic Events

Global

Economics

KALU

Reported Earlier, 'China To Cut Or Cancel Export Tax Rebates For Products Including Aluminum' - Reuters News

U.S. stocks were lower, with the Dow Jones index falling around 300 points on Friday.
Shares of Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) rose sharply during Friday's session after the company reported <a href="https://www.benzinga.com/quote/DESP/earnings">better-than-expected third-quarter sales.</a>
The company said it sees FY24 revenue of at least $760 million and adjusted EBITDA of at least $170 million
Despegar.com shares jumped 19.1% to $17.70 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) shares jumped 43% to $18.98. Bloom Energy announced a 1 GW fuel cell deal with AEP, providing clean power for AI Data Centers.</li>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) gained 22.3% to $4.9200.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) gained 13% to $11.56. The company reported third-quarter results on Thursday.</li>
<li>Century Aluminum Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) rose 12.6% to $23.77.</li>
<li>COMPASS Pathways plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) jumped 12.5% to $5.50.</li>
<li>Lifeway Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LWAY#NASDAQ">LWAY</a>) gained 11% to $24.85. The company reported quarterly results on Thursday.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) rose 10.3% to $5.13. Kingsoft Cloud Holdings will release its unaudited financial results for the third quarter before the open of U.S. markets on Tuesday, Nov. 19.</li>
<li>Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) gained 7.7% to $44.40.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) shares rose 6.3% to $28.34. The company priced a $200 million public offering of 7,843,137 shares at $25.50 per ADS.</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) gained 6% to $62.72 after the company announced it will transfer its stock exchange listing over to the Nasdaq.</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 3% to $112.38. The company reported quarterly results on Thursday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42007586/top-4-energy-stocks-that-could-blast-off-in-november">Top 4 Energy Stocks That Could Blast Off In November</a></li>
</ul>

Markets

Movers

CMPS

DESP

LUNR

LWAY

PLTR

RCAT

ZLAB

Despegar.com, Zai Lab, Bloom Energy And Other Big Stocks Moving Higher On Friday

In the latest quarter, 4 analysts provided ratings for Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>), showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $19.75, a high estimate of $24.00, and a low estimate of $15.00. Holding firm without variation, the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1730833275_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Century Aluminum among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Lucas Pipes</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$24.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Lucas Pipes</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$22.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Katja Jancic</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Century Aluminum. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Century Aluminum compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Century Aluminum's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CENX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Century Aluminum analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Century Aluminum</h2>
Century Aluminum Co produces primary aluminum standard grade and value-added products. The firm operates smelter facilities in the United States and Iceland. The majority of revenue is generated from Glencore, which agreed to purchase nearly all of Century Aluminum's North American production. Century purchases nearly all of its alumina from Glencore. The company produces high purity aluminum, standard grade aluminum sow and tee bars, and value-added billet and foundry products. Century also owns a carbon anode production facility in the Netherlands.
<h3>Understanding the Numbers: Century Aluminum's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Century Aluminum faced challenges, resulting in a decline of approximately -2.55% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Century Aluminum's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -0.45%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Century Aluminum's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -0.42%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.14%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Century Aluminum's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.8, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Century Aluminum

BMO Capital analyst Katja Jancic maintains Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) with a Market Perform and raises the price target from $16 to $18.

Price Target

BMO Capital Maintains Market Perform on Century Aluminum, Raises Price Target to $18

U.S. stocks were higher, with the Dow Jones index gaining around 300 points on Tuesday.
Shares of Emerson Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) rose sharply during Monday's session after the company reported better-than-expected fourth-quarter financial results and issued FY25 adjusted EPS guidance above estimates. Also, the company announced it increased return of capital to shareholders with plans to repurchase <a href="https://www.benzinga.com/news/earnings/24/11/41748679/emerson-electric-gains-on-q4-earnings-beat-and-fy25-growth-forecast-eyes-aspentech-buyout">approximately $2B in FY25.</a>
Net sales growth of 13% year over year to $4.62 billion, beating the consensus of $4.57 billion. Underlying sales were up 4%, and underlying orders increased by 2% in the quarter. Adjusted EPS improved 15% to $1.48, beating the consensus of $1.47.
Emerson Electric shares jumped 6.6% to $117.01 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Vimeo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>) shares jumped 42.7% to $6.86 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter sales guidance above estimates.</li>
<li>Gogo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) gained 29.3% to $8.47 after the company reported better-than-expected third-quarter financial results.</li>
<li>Astera Labs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) rose 29.1% to $90.14 after the company reported better-than-expected third-quarter EPS and sales.</li>
<li>Aris Water Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) gained 25.8% to $20.84 following strong quarterly results.</li>
<li>Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) gained 22.4% to $50.70 after the company reported better-than-expected third-quarter financial results and issued guidance above consensus estimates.</li>
<li>UFP Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPT#NASDAQ">UFPT</a>) rose 20.7% to $335.00 after the company reported better-than-expected third-quarter financial results.</li>
<li>Lindblad Expeditions Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIND#NASDAQ">LIND</a>) gained 20.6% to $11.28 after the company reported better-than-expected third-quarter financial results.</li>
<li>DXP Enterprises Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXPE#NASDAQ">DXPE</a>) gained 18.7% to $60.45 following strong quarterly results.</li>
<li>Century Aluminum Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) gained 17.7% to $20.66 following upbeat quarterly earnings.</li>
<li>Payoneer Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYO#NASDAQ">PAYO</a>) climbed 16% to $9.88 after the company reported better-than-expected quarterly EPS and sales and raised its FY24 revenue guidance.</li>
<li>Cushman &amp; Wakefield PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWK#NYSE">CWK</a>) gained 13.2% to $14.88 after the company reported better-than-expected quarterly adjusted EPS results.</li>
<li>Ingredion Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INGR#NYSE">INGR</a>) rose 12.6% to $150.97 following upbeat earnings.</li>
<li>Primoris Services Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRIM#NYSE">PRIM</a>) gained 10.5% to $71.11 following strong quarterly earnings.</li>
<li>Powell Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) rose 9.1% to $293.34.</li>
<li>Cummins Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) gained 8.7% to $353.91 after the company reported better-than-expected third-quarter financial results.</li>
<li>Nomura Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) rose 7.3% to $5.64 following second-quarter results.</li>
<li>Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) gained 6.8% to $149.00 after the company reported better-than-expected quarterly financial results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>

Intraday Update

ALAB

ARIS

DXPE

GOGO

INGR

LIND

PAYO

PRIM

UFPT

VMEO

Emerson Electric Posts Better-Than-Expected Results, Joins Palantir Technologies, DXP Enterprises, Cummins, Apollo Global Management And Other Big Stocks Moving Higher On Tuesday

Century Aluminum shares are trading higher after the company reported better-than-expected Q3 financial results and B.Riley Securities raised its price target on the stock from $22 to $24.

B. Riley Securities analyst Lucas Pipes maintains Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) with a Buy and raises the price target from $22 to $24.

B. Riley Securities Maintains Buy on Century Aluminum, Raises Price Target to $24

Guidance

Century Aluminum Sees Q4 Adj. EBITDA $70M-$80M

Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.28 by 125 percent. The company reported quarterly sales of $539.100 million which beat the analyst consensus estimate of $535.700 million by 0.63 percent. This is a 1.12 percent decrease over sales of $545.200 million the same period last year.

Earnings Beats

Century Aluminum Q3 2024 Adj. EPS $0.63 Beats $0.28 Estimate, Sales $539.100M Beat $535.700M Estimate

As every investor knows &#8212; a stock is cheap, and in decline, for a reason.
Over the last 12 months, the NYSE-listed shares of global aluminum giant Constellium (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) are down 12%, while rivals like Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Kaiser Aluminum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) and Century Aluminum Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) are all up. Alcoa is up 55%. CENX is like crypto aluminum, up 155.8% in a year.
Its price-to-earnings ratio is not bad at 12x, and it has a new <a href="https://www.asminternational.org/constelliums-muscle-shoals-facility-receives-department-of-defense-grant-to-increase-casting-capacity/">$65 million investment</a> in a new aluminum plant being built in Alabama, though that is not expected to be operational until the second half of 2026.
What's the problem?
As some in Washington might say – it's Russia's fault.
That's sort of true. Constellium makes aluminum products that it casts from aluminum sheets, some of which it <a href="https://www.reuters.com/markets/europe/constellium-keep-buying-aluminium-rusal-executive-2022-09-15/">imports</a> from Russian-based aluminum company Rusal. Prior to the war in Ukraine, the Europeans loved Russian aluminum – especially Rusal aluminum – because a lot of it is made in factories powered by a hydroelectric dam. This means it is deemed <a href="https://www.alcircle.com/press-release/rusal-achieves-100-green-aluminium-production-111484">low-carbon friendly aluminum</a>. But Rusal aluminum is facing restrictions and that means Constellium is now paying more for primary aluminum than a year ago and is focusing more on European and U.S. production. European producers are in worse shape as they have reduced primary aluminum production by about 30% over the last five years, likely due to environmental regulations.
<h3 class="wp-block-heading">Constellation: A Victim of Geopolitics</h3>
In April, the U.S. Government imposed a <a href="https://www.reuters.com/world/us/us-takes-action-targeting-russian-aluminum-copper-nickel-2024-04-12/">200% tariff on aluminum</a> products if they contained aluminum sourced from Russia, even if the finished product was made elsewhere. Since March 10, 2023, Washington already had increased tariffs on Russian aluminum products up from the Sectio to 200%, up from the roughly 25% in the Section 232 aluminum tariffs imposed globally by then-president Trump in 2018. The supply of Russian aluminum to the United States is currently zero.
U.S. importers have turned to the Middle East for alternatives, <a href="https://tradingeconomics.com/commodity/aluminum">increasing prices</a> by an additional $200 per ton from those sources due to U.S. demand.
Europe is <a href="https://www.euronews.com/business/2024/10/17/europes-tough-choice-sanction-aluminium-or-proceed-with-climate-goals">thinking of doing the same</a>. This weighs heavily on Constellium shares for the near term, at least until the European Commission decides on what to do about Russian aluminum imports.
A March 4 <a href="https://www.reuters.com/markets/commodities/europe-battle-with-us-aluminium-if-eu-opts-russian-ban-2024-03-04/">article</a> by Reuters put it this way: "The loss of Russian metal would leave Europe with a shortfall of around 500,000 tons. Middle Eastern suppliers will not be able to fully substitute Europe&#8217;s shortfall quickly."
A small group of EU countries keep pushing for <a href="https://www.mining.com/web/aluminum-group-steps-up-call-on-eu-to-bar-imports-of-the-russian-metal/">tougher measures</a> against Russia, led by Poland and the Baltic states. They want U.S.-style restrictions on aluminum imports. Some EU economies are blocking this move, most likely Germany and France, which rely on imports at least in part to manufacture cars and aircraft.
Restrictions on aluminum could pose a threat to domestic industries, which are already losing out in competitiveness to Asia, according to Chris Weafer, the Chief Executive of Macro-Advisory , an investment research firm and consultancy focused on emerging markets with offices in Washington DC. The EU relies on imports for over 90% of its aluminum needs, with 8-9% coming from Russia.
"The EU is walking a tightrope between the need to increase the sanctions pressure on Russia while at the same time…keeping its own economy and domestic enterprises afloat," Weafer wrote in an <a href="https://www.euronews.com/business/2024/10/17/europes-tough-choice-sanction-aluminium-or-proceed-with-climate-goals">op-ed</a> published by Euro News on Oct. 17.
If there are new sanctions, Weafer said in a report to clients last month, there will be some further Russian imports this year because of residual contracts. But after that, Russian imports "eventually fall to zero for the foreseeable future," he wrote. If there are no sanctions – which is still possible if big industry in Western Europe get their way – then Weafer thinks Russian imports will fall gradually as more European companies will either choose domestic production or be pressured to import from elsewhere.
<h3 class="wp-block-heading">Earnings Call To Reveal More This Week</h3>
Constellium will have their earnings call on Wednesday, Oct. 23 before the market opens.
Investors are likely to wait and see what Europe does about Russia. Constellium's long-term prospects, meanwhile, seem okay.
The company's stock survived the Section 232 steel and aluminum tariffs imposed by the Trump administration in March 2018. Constellium's share price ended the month at $10.85 per share and hit $12.15 per share in May 2018 despite the higher prices associated at the time with the tariff. Constellium today trades closer to $15.
Alcoa stocks rose last week after an earnings beat. JP Morgan <a href="https://www.msn.com/en-us/money/news/alcoa-analysts-increase-their-forecasts-after-upbeat-earnings/ar-AA1ss6dg">raised</a> its price target from $36 to $39.&nbsp; That call is too late for investors now. Alcoa has already surpassed that target and was trading over $41 on Friday.
Constellium could see similar fortunes.
Aluminum is one of the metals required for the energy grid and for new EVs and solar. Global demand is set to reach 85 million tons in 2030, up from 66 million tons in 2020. Given tariffs as they are now, it is clear the U.S. sees aluminum as a critical sector worth protecting, so Constellium's Alabama project should find plenty of demand locally. Longer-term buyers may be rewarded. For now, out of the four big aluminum companies – AA, KALU and CENX – CSTM is the worst performer. Still, it has a better profit margin than Alcoa at 2.35% versus negative 5.14% for Alcoa and Alcoa just got an upgrade.

CSTM

Constellium Shares Are Falling Behind Competitors As Europe Copes With Aluminum Supply Restraints

Century Aluminum shares are trading higher in sympathy with Alcoa, which reported better-than-expected Q3 adjusted EPS results.

Shares of aluminum stocks are trading higher amid a rise in alumina futures on the Shanghai Futures Exchange.

STLD

VALE

Shares of metal and material companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Analyst Color

BALL

BofA Sees Aluminum Prices Trading At $3,000/t ($1.36/Pound) Next Year; Expects Aluminum Supply To Rise By Only 1.3% YoY In 2025, Versus 3.7% On Average In The Past Decade

ACHR

AZUL

BEEM

EVTL

FLNC

GTLS

JCSE

JOBY

LICY

MVST

NRGV

PLUG

RKLB

RYAAY

SCCO

SKIL

SPXC

TORO

Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

In Iceland, local geothermal energy companies issued partial power curtailment orders across their industrial customers, including the Company&#39;s Grundartangi smelter, for required maintenance activities.
These curtailments are expected to reduce Grundartangi&#39;s production by approximately 2,500 MT in the&nbsp;third quarter.

Century Aluminum Reveals Resumption Of Normal Shipping Operations At Jamalco's Rocky Point Port

MTRN

ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

U.S. steel, aluminum prices likely would rise if Trump hikes tariffs - Citi

Wolfe Research analyst Timna Tanners upgraded Century Aluminum (CENX) to Outperform from Peer Perform. Published first on TheFly – the ultimate sou...

Century Aluminum upgraded to Outperform from Peer Perform at Wolfe Research

As previously reported, Wolfe Research upgraded Century Aluminum (CENX) to Outperform from Peer Perform with a $27 price target to reflect a better...

Century Aluminum upgraded at Wolfe Research on better aluminum price outlook

Top quant-rated Cyclical Stocks, as group is expected to outperform in 2025

Century Aluminum upgraded at Wolfe on higher aluminum price outlook

Commodity Roundup: BMI maintains 2025 global avg steel price target at $730/t amid tariff war

Steel prices seen moving higher as support from Trump policies offset lackluster Chinese demand

Century Aluminum: Well-Positioned To Gain From Trump Tariffs

Century Aluminum (CENX) VP, Gunnar Gudlaugsson, disclosed the sale of 20,000 shares of company stock at $23.85 per share on Decemebr 5, for a trans...

Century Aluminum VP Gudlaugsson sells $477K in company shares

The latest update is out from Century Aluminum ( ($CENX) ). Century Aluminum Company has announced the promotion of Rob Hoffman to Senior Vice Pres...

Century Aluminum Promotes Rob Hoffman to Key Roles

AENT

AMZN

DAVE

KINS

NCLH

OPFI

PSIX

PYPL

SKYW

SOXX

XLRE

Press Releases

Century Aluminum Company Reports First Quarter 2024 Results

General

Century Aluminum Company Applauds Biden Administration Decision To Triple Chinese Aluminum Tariffs

Century Applauds Biden Administration for Actions to Address Unfair Trade from Mexico

Comments

Century Aluminum

매도 수량

Century Aluminum (NASDAQ:CENX) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌