Century Aluminum (CENX) took a dive right out of the gate Wednesday morning, as traders panned the commodity concern's third-quarter results. Tuesday night, CENX confessed to a quarterly loss of $16.8 million, or 18 cents per share, down substantially from its year-ago profit of $40.1 million, or 45 cents per share. Sales for the quarter climbed to $279.2 million, but CENX's bottom line was dented by a $12.2 million mark-to-market loss on forward contracts.

The aluminum issue managed to exceed analysts' consensus revenue forecast of $269.5 million, but the quarterly loss fell well short of Wall Street's prediction for a net profit of 8 cents per share.

Continue reading Century Aluminum Gaps Lower After Q3 Report

Century Aluminum Gaps Lower After Q3 Report originally appeared on BloggingStocks on Wed, 27 Oct 2010 11:00:00 EST. Please see our terms for use of feeds.

Shares of Century Aluminum (CENX) caught a lift Friday morning, as analysts at JPMorgan Chase adjusted their price targets on a number of metals and mining issues. Century's price target was hiked from $9 to $13, representing a premium of 13.2% to the stock's closing price on Thursday.

In the first hour of Friday's session, CENX soared to a gain of 7.8% as traders cheered the upbeat note. Technical support from the stock's 10-week and 20-week moving averages also helped to add some lift; these two trendlines are now on the verge of a bullish cross. A finish above $12 would be a major development for the equity, since this level has capped all of CENX's weekly closes since August.

Continue reading Call players take profits as Century Aluminum surges

Call players take profits as Century Aluminum surges originally appeared on BloggingStocks on Fri, 11 Dec 2009 11:20:00 EST. Please see our terms for use of feeds.

• Bernstein upgraded Talisman Energy Inc (NYSE: TLM) to Outperform from Market Perform on valuation and potential exploration success in Vietnam and raised Anadarko Petroleum Corporation (NYSE: APC), Devon Energy Corporation (NYSE: DVN) and EOG Resources Inc (NYSE: EOG) to Market Perform from Underperform on improving gas fundamentals.
• Bernstein also upgraded shares of BP PLC (NYSE: BP) and BG Group (NYSE: BRG) to Outperform from Market Perform.
• Check Point Software Technologies (NASDAQ: CHKP) was upgraded to Outperform from Market Perform at Friedman Billings, citing checks that indicate a strong product cycle for the company's beefed up VPN/firewall product portfolio.
• ValueClick (NASDAQ: VCLK) was upgraded at Citigroup to Buy from Hold on valuation, as they believe the recent correction provides a compelling entry point.

• Merrill Lynch upgraded shares of Alcoa Inc (NYSE: AA), Alumina Ltd (NYSE: AWC) and Century Aluminum Company (NASDAQ: CENX) to Buy from Neutral and shares of Southern Copper Corporation (NYSE: PCU) to Neutral from Sell.
• JP Morgan upgraded shares of Tempur Pedic International (NYSE: TPX) to Overweight from Neutral.
  
• Infineon Technologies (NYSE: IFX) was upgraded to Outperform from Neutral at Credit Suisse.

Analyst upgrades 9-5-07: BP, BRG, CHKP and VCLK originally appeared on BloggingStocks on Wed, 05 Sep 2007 11:00:00 EST. Please see our terms for use of feeds.