Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Rating Increased to Outperform at CLSA

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was upgraded by stock analysts at CLSA from an “underperform” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports.

Separately, Zacks Investment Research raised shares of Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.86.

NYSE ACH traded up $0.10 on Friday, hitting $7.79. The stock had a trading volume of 65,643 shares, compared to its average volume of 24,355. Aluminum Corp. of China Limited ADR Class H has a 52-week low of $6.96 and a 52-week high of $11.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.49 and a current ratio of 0.78. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 192.25 and a beta of 0.93. The firm has a 50-day moving average of $7.87 and a 200-day moving average of $8.24.

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) last posted its earnings results on Tuesday, August 27th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter. Aluminum Corp. of China Limited ADR Class H had a net margin of 0.10% and a negative return on equity of 0.03%. The business had revenue of $7.45 billion for the quarter. As a group, research analysts anticipate that Aluminum Corp. of China Limited ADR Class H will post 0.24 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 139.7% in the 3rd quarter. Signaturefd LLC now owns 3,420 shares of the basic materials company’s stock worth $27,000 after buying an additional 1,993 shares during the last quarter. Corient Capital Partners LLC bought a new position in shares of Aluminum Corp. of China Limited ADR Class H in the 3rd quarter worth $81,000. Envestnet Asset Management Inc. increased its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock worth $216,000 after buying an additional 2,061 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 75.9% in the 2nd quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock worth $243,000 after buying an additional 11,905 shares during the last quarter. Finally, Aperio Group LLC increased its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 78.4% in the 2nd quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock worth $579,000 after buying an additional 28,923 shares during the last quarter. 0.29% of the stock is currently owned by hedge funds and other institutional investors.

Aluminum Corp. of China Limited ADR Class H 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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Analyst Recommendations for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

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