Aluminum Corporation of China Limited (ACH) Earns Neutral Rating from Analysts at J P Morgan Chase & Co

Investment analysts at J P Morgan Chase & Co initiated coverage on shares of Aluminum Corporation of China Limited (NYSE:ACH) in a report released on Monday. The brokerage set a “neutral” rating on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. BidaskClub upgraded Aluminum Corporation of China Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 10th. CLSA upgraded Aluminum Corporation of China Limited from an “underperform” rating to a “buy” rating in a report on Monday, August 28th.

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Institutional investors have recently modified their holdings of the stock. Frontier Wealth Management LLC acquired a new position in Aluminum Corporation of China Limited in the second quarter valued at $157,000. Profund Advisors LLC boosted its holdings in Aluminum Corporation of China Limited by 43.0% in the second quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 5,988 shares during the last quarter. State Street Corp lifted its stake in shares of Aluminum Corporation of China Limited by 2.2% during the second quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock worth $356,000 after purchasing an additional 607 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Aluminum Corporation of China Limited by 6.4% during the second quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock worth $1,467,000 after purchasing an additional 6,806 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Aluminum Corporation of China Limited by 6.3% during the second quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock worth $1,560,000 after purchasing an additional 7,173 shares in the last quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

Aluminum Corporation of China Limited Company Profile

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