Weekly Recap | Century Aluminum +0.4%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.Century Aluminum (CENX) added 0.4% this week to close at $46.775, ahead of the S&P 500 by roughly 0.31 percentage points. Trading was choppy: Monday opened at $47.000 and slid to $45.281 before closing at $45.770; Tuesday dipped to a weekly low of $44.735, then bounced back. Wednesday and Thursday pushed higher, with Thursday reaching $48.865 intraday before settling at $47.510. Friday pulled back to $46.775. Weekly range came to 8.79% on 6.96m shares, with no major catalyst.
The Week
Century Aluminum (CENX) added 0.4% this week to close at $46.775, ahead of the S&P 500 by roughly 0.31 percentage points. Trading was choppy: Monday opened at $47.000 and slid to $45.281 before closing at $45.770; Tuesday dipped to a weekly low of $44.735, then bounced back. Wednesday and Thursday pushed higher, with Thursday reaching $48.865 intraday before settling at $47.510. Friday pulled back to $46.775. Weekly range came to 8.79% on 6.96m shares, with no major catalyst.
Analyst Ratings
All four covering institutions rate the stock buy, with no hold, underweight or sell ratings. The consensus is a strong buy, with a $70 target price, about 49.7% above the current $46.775. Targets range from $60 to $83, a fairly tight spread. Century Aluminum ranks 4th in ratings out of 5 covered companies in the aluminium sector.
The Week Ahead
US macro data dominates next week: the NFIB Small Business Optimism Index arrives Tuesday, while Thursday brings initial jobless claims, final demand PPI and existing home sales. Treasury yield data on the same day could also shape sentiment for industrial metals.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.