Aluminum Corp. of China (ACH) Stock Rating Upgraded by ValuEngine

Aluminum Corp. of China (NYSE:ACH) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Morgan Stanley upgraded Aluminum Corp. of China from an “equal weight” rating to an “overweight” rating in a report on Friday, September 28th. One investment 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 stock presently has an average rating of “Hold”.

Shares of NYSE ACH opened at $9.62 on Thursday. 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 has a 52 week low of $9.20 and a 52 week high of $22.18. 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 (NYSE:ACH) last announced its quarterly earnings results on Wednesday, August 15th. The basic materials company reported $0.11 EPS for the quarter. The business had revenue of $7.12 billion during the quarter. Aluminum Corp. of China had a return on equity of 1.75% and a net margin of 0.87%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Aluminum Corp. of China by 25.0% in the 2nd quarter. BlackRock Inc. now owns 146,763 shares of the basic materials company’s stock worth $1,601,000 after purchasing an additional 29,320 shares during the last quarter. Bank of Montreal Can lifted its holdings in Aluminum Corp. of China by 39.8% in the 2nd quarter. Bank of Montreal Can now owns 80,765 shares of the basic materials company’s stock worth $881,000 after purchasing an additional 22,999 shares during the last quarter. Millennium Management LLC lifted its holdings in Aluminum Corp. of China by 57.2% in the 1st quarter. Millennium Management LLC now owns 28,928 shares of the basic materials company’s stock worth $403,000 after purchasing an additional 10,530 shares during the last quarter. Jane Street Group LLC lifted its holdings in Aluminum Corp. of China by 829.5% in the 1st quarter. Jane Street Group LLC now owns 99,241 shares of the basic materials company’s stock worth $1,381,000 after purchasing an additional 88,564 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Aluminum Corp. of China by 7.3% in the 1st quarter. Northern Trust Corp now owns 263,032 shares of the basic materials company’s stock worth $3,662,000 after purchasing an additional 17,984 shares during the last quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

About Aluminum Corp. of China

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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