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

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.
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