NasdaqGS:CENXMetals and Mining
Century Aluminum (CENX) Stock Rallies On Surging Margins And Restart Progress
Century Aluminum stock jumped 11.5% to about US$51 after earnings, a sharp move for a producer that many investors still file under “cyclical and fragile.” The quarter told a different story. Q2 net income landed at US$249.3m on US$752.1m of revenue, a level of profitability that now sits on top of a much stronger trailing margin profile.
The real headline is earnings power. Basic earnings per share of US$2.52 this quarter comes after a stretch of very large year on year profit growth and a...