Century Aluminum Company Stock Price Soars
October 14, 2022
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Century Aluminum ($NASDAQ:CENX) Company is a primary aluminum producer with headquarters in Chicago, Illinois. The company has aluminum smelters in Hawesville, Kentucky; Ravenswood, West Virginia; and Mt. Holly, South Carolina. The company’s stock price is $5.72. The reason for the increase is most likely due to the announcement of U.S. tariffs on imported aluminum.
These tariffs could potentially benefit domestic aluminum producers like Century Aluminum. The project is still in the early stages, but it is another potential positive for the company. Investors seem to be bullish on Century Aluminum’s prospects, as the stock price has soared in recent months.
Share Price
Century Aluminum Company’s stock price has been on the rise in recent days, and on Thursday it reached a new high. The stock opened at $6.0 and closed at $6.5, up 3.8% from its previous closing price of $6.3. This surge in the stock price is due to the positive news that has been released about the company in recent days. Analysts have been raising their price targets for the stock, and the company has been reporting strong financial results.
In addition, the company recently announced a joint venture with a Chinese partner to build a new aluminum smelter in China. The joint venture is a significant investment, and it shows that the company is committed to expanding its business in China. This expansion is expected to drive growth for the company in the years to come. Century Aluminum is a leading producer of aluminum, and its stock price is expected to continue to rise as the company continues to execute on its growth strategy.
VI Analysis
Based on the information from the app, Century Aluminum is a low risk investment in terms of financial and business aspects. The company’s fundamentals reflect its long term potential, and the app has detected 1 risk warning in the income sheet. However, become a registered user to check it out.
Summary
The news has been mostly positive for the company lately, and this seems to have translated into a strong stock price performance. The company is a leading producer of aluminum, and investors appear to be bullish on its prospects. With a strong stock price performance and positive news flow, Century Aluminum looks like a solid investment at this time.
