Aluminum Corp. of China Limited (ACH) Given Average Recommendation of “Hold” by Brokerages

Shares of Aluminum Corp. of China Limited (NYSE:ACH) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company.

Several equities analysts have weighed in on ACH shares. ValuEngine downgraded shares of Aluminum Corp. of China from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. 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.

A number of large investors have recently modified their holdings of the business. Northern Trust Corp lifted 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 valued at $3,662,000 after purchasing an additional 17,984 shares in the last quarter. BlackRock Inc. lifted 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 valued at $1,601,000 after purchasing an additional 29,320 shares in the last quarter. Jane Street Group LLC lifted 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 valued at $1,381,000 after purchasing an additional 88,564 shares in the last quarter. Bank of Montreal Can lifted 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 valued at $881,000 after purchasing an additional 22,999 shares in the last quarter. Finally, Millennium Management LLC lifted 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 valued at $403,000 after purchasing an additional 10,530 shares in the last quarter. 0.32% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ACH traded up $0.14 during trading hours on Friday, hitting $9.62. 34,800 shares of the stock traded hands, compared to its average volume of 78,698. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.58. Aluminum Corp. of China has a 1 year low of $9.20 and a 1 year high of $22.18. The company has a market capitalization of $5.91 billion, a P/E ratio of 38.15 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 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.

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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