Alert: Major Price Advance (8/12/24)-Century Aluminum Co (NASDAQ: CENX).

On 8/12/24, Century Aluminum Co (NASDAQ: CENX) stock enjoyed a major increase of 10.6%, closing at $13.95. Moreover, above average trading volume at 134% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.8% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Century Aluminum has a slightly negative Appreciation Score of 34 but a very high Power Rating of 100, and the Positive Value Trend Rating results.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.