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Century Aluminum Company (CENX) Jumps: Stock Rises 7.5%

Zacks Equity Research
Updated

Century Aluminum Company CENX was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $19.05 –$24.12 in the past one-month time frame, witnessed a sharp increase yesterday.

The share price rose after President Donald Trump announced hefty tariffs on metal imports to protect them from foreign competition.

The company has seen one negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Century Aluminum currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESPis 0.00%.

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Century Aluminum Company Price and Consensus

Century Aluminum Company Price and Consensus | Century Aluminum Company Quote

Another stock worth considering in the  Metal Products - Procurement and Fabrication industry is Kaiser Aluminum Corporation KALU, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is CENX going up? Or down? Predict to see what others think: Up or Down

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Century Aluminum Company (CENX) : Free Stock Analysis Report
 
Kaiser Aluminum Corporation (KALU) : Free Stock Analysis Report
 
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Zacks Investment Research