Shares of Century Aluminum (CENX +10.7%) soar after posting a Q1 loss far smaller than expected,...

|About: Century Aluminum Company (CENX)|By:, SA News Editor

Shares of Century Aluminum (CENX +10.7%) soar after posting a Q1 loss far smaller than expected, even as results were negatively impacted by an unrealized loss on forward contracts of $5M primarily related to the mark to market of aluminum price protection options. BofA upgrades shares, reflecting a better earnings outlook and a 20% pullback in shares since Dec 12.