Jesse E. Gary, President and CEO of Century Aluminum Co (NASDAQ:), has just lately had vital inventory gross sales based on a current submitting. On December 26 and 27, Gary bought a complete of 79,243 shares, producing roughly $1.48 million. The shares had been bought at weighted common costs starting from $18.48 to $18.97 per share. The inventory, which has returned a powerful 51.65% over the previous yr, is at the moment buying and selling at $18.23 with a very low P/E ratio of 5.52.
Because of these transactions, Gary retains 753 shares held in a belief, whereas an extra 324,657 shares, together with unvested restricted inventory, are held instantly. The gross sales had been a part of routine monetary administration and had been executed beneath a revocable, self-settling belief. In keeping with InvestProCentury Aluminum maintains a GOOD monetary well being rating, with over 8 extra unique insights out there to subscribers. The corporate’s complete Professional Analysis report, a part of InvestingPro’s protection of greater than 1,400 U.S. shares, supplies an in depth evaluation of its monetary situation and development prospects.
In different current information, Century Aluminum reported vital adjustments inside its government management, selling Rob Hoffman to senior vp, chief data officer and chief accounting officer. This follows sturdy monetary efficiency within the third quarter, with adjusted EBITDA of $104 million, shipments of roughly 169,000 tonnes and web gross sales of $539 million. Analyst companies Wolfe Analysis and BMO Capital have respectively raised and adjusted their worth targets for Century Aluminum, reflecting a optimistic outlook based mostly on larger worth expectations for aluminum.
Century Aluminum can be exploring strategic options for the idled Hawesville smelter, which may influence future operations and monetary outcomes. The corporate supplied a forecast EBITDA vary of between $70 million and $80 million for the fourth quarter of 2024. Moreover, Century Aluminum’s dedication to security and operational stability throughout all smelters was highlighted. , significantly throughout the restoration at Jamalco after Hurricane Beryl. These are the newest developments within the firm’s ongoing operations.
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