Major Shareholder Sells Massive Stake in Century Aluminum!
International Ag Glencore sold 9 million shares of Century Aluminum, causing a 14.9% stock drop to $27.49. Despite this, BMO Capital raised its price target to $34, expecting improved Q4 earnings. Century Aluminum reported strong Q3 financials with $632 million in net sales and $58 million in adjusted net income. Operational challenges persist, but strategic progress and a power agreement extension support future production. Spark rates CENX as Neutral due to cash flow and valuation challenges.
New insider activity at Century Aluminum ( (CENX) ) has taken place on November 13, 2025.
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International Ag Glencore, a significant shareholder, has sold 9,000,000 shares of Century Aluminum stock, amounting to a transaction worth $272,250,000.
Recent Updates on CENX stock
Century Aluminum’s stock experienced a significant decline, dropping by 14.9% to $27.49, following a block trade of 9 million shares priced at $30.65. Despite this, BMO Capital raised its price target for the company from $30 to $34, citing expectations of improved earnings and free cash flow in Q4 due to higher aluminum and Midwest Premium (MWP) prices. The company’s Q3 earnings call highlighted operational resilience and strategic progress, despite challenges like the Grundartangi smelter transformer failure and production instability at Mt. Holly. Century Aluminum reported strong Q3 financials with net sales of $632 million and adjusted net income of $58 million, driven by increased aluminum prices and regional premiums. The company also secured an extension for the Mt. Holly power agreement, supporting future production increases. However, potential changes in tariff policies pose a risk to future operations.
Spark’s Take on CENX Stock
According to Spark, TipRanks’ AI Analyst, CENX is a Neutral.
Century Aluminum’s overall score reflects moderate financial performance with significant challenges in cash flow and valuation. The earnings call provided positive guidance and strategic advancements, which are promising, but operational risks and high valuation weigh down the score.
To see Spark’s full report on CENX stock, click here.
More about Century Aluminum
YTD Price Performance: 64.92%
Average Trading Volume: 2,135,118
Technical Sentiment Signal: Buy
Current Market Cap: $2.76B
