Century Aluminum spikes lower after earnings, levels to watch The stock is down over 8.8% at time of writing following earnings reported yesterday after the close. At the current price of $8.07, next support is at $7.49. Resistance is at $8.40.
Century Aluminum price target lowered to $10 from $19 at Deutsche Bank Deutsche Bank cut its price target on Century Aluminum after the company announced that it would close its Hawesville aluminum smelter by October. The firm also believes that the likelihood of a V-shaped recovery in aluminum prices has dropped. However, it thinks the company's two remaining U.S. smelters could boost its results when aluminum prices rebound. It keeps a Buy rating on the shares.