Alert: Rating Downgrade (5/31/24)-Century Aluminum Co (NASDAQ: CENX).

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Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Century Aluminum Co (NASDAQ: CENX) weakened in the last week. CENX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.

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Recent Price Action

On 5/31/24, Century Aluminum Co (NASDAQ: CENX) stock declined by -4.6%, closing at $18.33. However, trading volume in this decline was below average at 76% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.9% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CENX is expected to be a major Value Builder.

Century Aluminum has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Century Aluminum has a poor Appreciation Score of 27 but a very high Power Rating of 96, leading to the High Neutral Value Trend Rating.

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