Aluminum Corp. of China (ACH) Lifted to “Hold” at ValuEngine

Aluminum Corp. of China (NYSE:ACH) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

Separately, Morgan Stanley raised shares of Aluminum Corp. of China from an “equal weight” rating to an “overweight” rating in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

Shares of Aluminum Corp. of China stock traded down $0.44 on Thursday, reaching $9.48. 59,700 shares of the stock were exchanged, compared to its average volume of 78,915. Aluminum Corp. of China has a 1-year low of $9.20 and a 1-year high of $22.18. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 42.62 and a beta of 0.13.

Aluminum Corp. of China (NYSE:ACH) last issued its quarterly earnings results on Wednesday, August 15th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter. Aluminum Corp. of China had a net margin of 0.87% and a return on equity of 1.75%. The business had revenue of $7.12 billion for the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in Aluminum Corp. of China by 7.3% during the first quarter. Northern Trust Corp now owns 263,032 shares of the basic materials company’s stock worth $3,662,000 after buying an additional 17,984 shares in the last quarter. BlackRock Inc. boosted its holdings in Aluminum Corp. of China by 25.0% during the second quarter. BlackRock Inc. now owns 146,763 shares of the basic materials company’s stock worth $1,601,000 after buying an additional 29,320 shares in the last quarter. Jane Street Group LLC boosted its holdings in Aluminum Corp. of China by 829.5% during the first quarter. Jane Street Group LLC now owns 99,241 shares of the basic materials company’s stock worth $1,381,000 after buying an additional 88,564 shares in the last quarter. Bank of Montreal Can boosted its holdings in Aluminum Corp. of China by 39.8% during the second quarter. Bank of Montreal Can now owns 80,765 shares of the basic materials company’s stock worth $881,000 after buying an additional 22,999 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Aluminum Corp. of China by 57.2% during the first quarter. Millennium Management LLC now owns 28,928 shares of the basic materials company’s stock worth $403,000 after buying an additional 10,530 shares in the last quarter. 0.32% of the stock is currently owned by hedge funds and other institutional investors.

Aluminum Corp. of China Company Profile

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People's Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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