Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Upgraded to “Buy” at ValuEngine

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Aluminum Corp. of China Limited ADR Class H from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. CLSA raised shares of Aluminum Corp. of China Limited ADR Class H from an “underperform” rating to an “outperform” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.86.

ACH stock traded down $0.03 during mid-day trading on Wednesday, reaching $7.65. 17,700 shares of the stock traded hands, compared to its average volume of 44,069. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 0.86. 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 market cap of $5.26 billion, a P/E ratio of 765.00 and a beta of 0.95. The stock’s fifty day moving average is $7.81 and its 200-day moving average is $8.09.

Hedge funds have recently bought and sold shares of the business. Aperio Group LLC lifted its position in shares of Aluminum Corp. of China Limited ADR Class H by 78.4% in the second quarter. Aperio Group LLC now owns 65,824 shares of the basic materials company’s stock worth $579,000 after purchasing an additional 28,923 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Aluminum Corp. of China Limited ADR Class H by 38.8% in the second quarter. Parametric Portfolio Associates LLC now owns 242,811 shares of the basic materials company’s stock worth $2,137,000 after purchasing an additional 67,825 shares in the last quarter. Corient Capital Partners LLC purchased a new stake in shares of Aluminum Corp. of China Limited ADR Class H in the third quarter worth approximately $81,000. Signaturefd LLC lifted its position in shares of Aluminum Corp. of China Limited ADR Class H by 139.7% in the third quarter. Signaturefd LLC now owns 3,420 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 1,993 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Aluminum Corp. of China Limited ADR Class H by 9.1% in the second quarter. Envestnet Asset Management Inc. now owns 24,591 shares of the basic materials company’s stock worth $216,000 after purchasing an additional 2,061 shares in the last quarter. 0.29% of the stock is owned by 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.

Further Reading: Net Asset Value

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

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