|Bid||0.00 x 500|
|Ask||10.14 x 3000|
|Day's range||8.57 - 9.23|
|52-week range||7.65 - 24.77|
|Beta (3Y monthly)||1.30|
|PE ratio (TTM)||23.76|
|Earnings date||20 Feb 2019 - 25 Feb 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.50|
Alcoa (AA), the leading US-based aluminum producer, fell 9.0% in November. Alcoa has fallen 41% in 2018. Century Aluminum (CENX) and Rio Tinto (RIO) have fallen 54% and 6.3% year-to-date, respectively, based on their closing prices on November 30. In this part, we’ll discuss why Alcoa stock fell 9% in November.
CHICAGO, Nov. 28, 2018 -- Century Aluminum Sebree LLC, a wholly-owned subsidiary of Century Aluminum Company (NASDAQ: CENX), today announced two new expansion programs at its.
The Section 232 tariffs were President Trump’s first move in the trade war. Since then, President Trump imposed tariffs on $250 billion worth of Chinese goods. The US-China trade war and the general slowdown in China’s aluminum demand have taken a toll on aluminum prices, which hurt aluminum producers’ earnings.
As we noted in the previous part, US-based aluminum producers including Alcoa (AA) and Century Aluminum (CENX) have seen a selling spree this year despite President Trump’s Section 232 tariffs. Aluminum prices have also come under pressure. In this part, we’ll see what has been impacting aluminum prices.
Earlier this year, President Trump imposed a 10% tariff on aluminum imports and a 25% tariff on steel imports. The tariffs were imposed under the little-used Section 232 of the Trade Expansion Act of 1962. The Department of Commerce’s investigation found that steel and aluminum imports are a threat to US national security.
NEW YORK, Oct. 30, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Aluminum prices topped the $2,500 per metric ton level in April amid Rusal sanctions. Alumina prices have been more volatile than aluminum prices (XME). The global alumina markets have been rocked by a series of supply disruptions this year, especially at Norsk Hydro’s (NHYDY) Alunorte refinery.
Century (CENX) delivered earnings and revenue surprises of 100.00% and 2.71%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Chicago-based company said it had a loss of 23 cents. Earnings, adjusted for non-recurring costs, were 2 cents per share. The results beat Wall Street expectations. The average ...
CHICAGO, Oct. 25, 2018 -- Century Aluminum Company (NASDAQ: CENX) today announced third quarter 2018 results. Third Quarter 2018 Financial Results Net loss of $20.3 million,.
Alcoa (AA), the leading US-based aluminum producer, released its Q3 2018 earnings yesterday, October 17, after the close of markets (XME). Century Aluminum (CENX) is scheduled to release its third-quarter earnings on October 25. Alcoa’s Q3 earnings were better-than-expected, and the stock was trading sharply higher in after-market trading yesterday.
In the previous part, we discussed analysts’ projections for Alcoa’s (AA) third-quarter earnings. In this part, we’ll look at the key updates that markets might watch in Alcoa’s third-quarter earnings call.
Alcoa (AA) is scheduled to release its third-quarter earnings on October 17 after the markets close. In this part, we’ll discuss analysts’ projections for Alcoa’s third-quarter earnings. Analysts polled by Thomson Reuters expect Alcoa to post revenues of $3.31 billion in the third quarter.
Alcoa (AA), the leading US-based aluminum producer (XME), is scheduled to release its third-quarter earnings on October 17 after the markets close. Century Aluminum (CENX) is scheduled to release its third-quarter earnings on October 25. Alcoa’s dismal 2018 price action isn’t hard to comprehend.
Even though tariffs have bumped the prices for domestic steel and aluminum, these four stocks are down more than 15% this year.
Alcoa: Should You Be Bottom Fishing? In the previous part, we discussed Alcoa’s bearish drivers. Despite the equity market sell-off, aluminum prices (RIO) have held onto the $2,000 per metric ton level.
In this part, we’ll discuss some of Alcoa’s (AA) bearish drivers. First, the US-China trade war scare has weaned investors away from metals (XME). China’s economic data have likely added to the pessimism. China’s car sales fell YoY (year-over-year) in July and August. The fixed-asset investment growth rates have also fallen to historical lows. The property boom that lifted China’s metal demand is fading. Amid a domestic demand slowdown, Chinese aluminum exports have risen sharply in 2018. Aluminum exports rose 17.1% YoY in the first nine months of 2018. ...
Alcoa (AA), the leading US-based aluminum producer (DIA), is having a terrible year. The company has lost 33.8% year-to-date. The sell-off has intensified in October. The stock has lost 11.7% of its market capitalization this month based on the closing prices on October 11. Century Aluminum (CENX) and Norsk Hydro (NHYDY) have also been on a losing spree this year. Rio Tinto (RIO) has done better since iron ore prices have been surprisingly strong.
Century Aluminum's (CENX) latest deal enables Santee Cooper to continue to service 25% of the Mt. Holly power at a standard cost-based industrial rate.
Century Aluminum of South Carolina, Inc., a wholly-owned subsidiary of Century Aluminum Company (CENX), announced today that it has reached an agreement with Santee Cooper that will allow the Goose Creek, SC plant to continue to operate at half capacity. Under this agreement, Santee Cooper will continue to service 25% of the Mt. Holly load at a standard cost-based industrial rate. The remaining 75% of the power required to serve Mt. Holly is expected to be sourced from a third-party supplier at market prices that are tied to natural gas prices. The agreement with Santee Cooper has a term through December 31, 2020 but can be terminated by Mt. Holly on 120 days' notice.
Century Aluminum Company (CENX) announced today the death of its non-executive chairman, Terence A. Wilkinson, at age 72. Mr. Wilkinson joined the Board of Directors as chairman in 2011 and has served in that capacity since that time. He also chaired the Independent Directors and Governance and Nominating committees of the Board. The directors have elected Andrew G. Michelmore as non-executive chairman. Mr. Michelmore recently rejoined the Board, having served from 2010 to 2015. He retired in 2017 as Executive Director and Chief Executive Officer of MMG Limited.