Ultime notizie per Century Aluminum (NASDAQ:CENX) Azioni

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.

Century Aluminum Co

<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.

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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>
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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?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

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

WIIM

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.

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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.

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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

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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

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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.

Century Aluminum shares are trading higher after the company last week reported better-than-expected Q2 financial results.

U.S. stocks were mostly lower, with the Dow Jones index falling around 150 points on Monday.
Shares of KE Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) rose sharply during Monday's session after the company reported better-than-expected second-quarter financial results and increased <a href="https://www.benzinga.com/quote/BEKE/earnings">its repurchase authorization.</a>
KE Holdings shares jumped 6.9% to $15.00 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Revance Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVNC#NASDAQ">RVNC</a>) gained 85.4% to $6.54 after the company entered into a merger agreement with Crown Laboratories.</li>
<li>Skeena Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKE#NYSE">SKE</a>) gained 13.8% to $6.50. The company, last week, posted a second-quarter loss.</li>
<li>KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) shares surged 13% to $16.51 after Scotiabank acquired a 14.9% stake in the company.</li>
<li>Montauk Renewables, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTK#NASDAQ">MNTK</a>) climbed 13% to $4.84. Montauk Renewables, last week, reported worse-than-expected second-quarter financial results.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) rose 12.2% to $14.64. Stifel analyst Benjamin Nolan maintained New Fortress Energy with a Buy and lowered the price target from $40 to $17.</li>
<li>Climb Global Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMB#NASDAQ">CLMB</a>) gained 11.6% to $87.98. Climb Global Solutions, last week, reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Paragon 28, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNA#NYSE">FNA</a>) gained 8.4% to $7.20. The company, last week, reported second-quarter financial results and issued FY24 guidance below estimates</li>
<li>Gatos Silver, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>) rose 8.4% to $11.53. The company, last week, posted upbeat quarterly earnings.</li>
<li>monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) climbed 7.7% to $243.06 following better-thane-expected quarterly financial results.</li>
<li>China Yuchai International Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYD#NYSE">CYD</a>) gained 7.2% to $10.05 after the company reported unaudited 2024 first half-year financial results.</li>
<li>Blend Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NASDAQ">BLND</a>) rose 6.1% to $3.50 after Canaccord Genuity upgraded the stock from Hold to Buy.</li>
<li>Century Aluminum Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) gained 6% to $13.35. The company, last week, posted upbeat quarterly sales.</li>
<li>Payoneer Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYO#NYSE">PAYO</a>) rose 5.2% to $7.08. Payoneer announced commencement of an offer to purchase and consent solicitation relating to its warrants.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) gained 3.5% to $77.69 following a report suggesting that activist investor Starboard Value has a stake in the company.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40312954/this-robinhood-analyst-turns-bullish-here-are-top-5-upgrades-for-monday">This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday</a></li>
</ul>

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KE Holdings, KeyCorp, Revance Therapeutics, Starbucks And Other Big Stocks Moving Higher On Monday

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 lowers the price target from $24 to $22.

B. Riley Securities Maintains Buy on Century Aluminum, Lowers Price Target to $22

Century Aluminum Q3 2024 Earnings Preview

Here are the major earnings after the close today

Reports Q3 revenue $539.1M, consensus $535.7M."Strong global demand, continued supply-side challenges and supportive macroeconomic policy in China ...

Century Aluminum reports Q3 EPS 63c, consensus 27c

Century Aluminum Non-GAAP EPS of $0.63 beats by $0.33, revenue of $539.1M misses by $13.95M

Century Aluminum Company 2024 Q3 - Results - Earnings Call Presentation

Century Aluminum Company (CENX) Q3 2024 Earnings Call Transcript

Century Aluminum Co ( ($CENX) ) has released its Q3 earnings. Here is a breakdown of the information Century Aluminum Co presented to its investors...

Century Aluminum Reports Robust Q3 2024 Results

BMO Capital analyst Katja Jancic raised the firm's price target on Century Aluminum (CENX) to $18 from $16 and keeps a Market Perform rating on the...

Century Aluminum price target raised to $18 from $16 at BMO Capital

Commodity Roundup: Oil steady, aluminum price forecast raised to $2,450/tonne at BMI

Alcoa jumps with aluminum futures as China cancels tax incentive on exports

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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

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