Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Aluminum Corp of China Ltd’s principal activity is the production and distribution of alumina and primary aluminum. Other activities include the manufacturing of mechanical equipment and distribution of ceramic products and provision of repair and maintenance services for electrical plant and machinery. “

Several other equities analysts have also recently commented on the stock. ValuEngine raised shares of Aluminum Corp. of China Limited ADR Class H from a hold rating to a buy rating in a research note on Wednesday. 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $9.86.

ACH stock opened at $7.81 on Thursday. The company has a 50-day simple moving average of $7.79 and a 200 day simple moving average of $8.08. The company has a market capitalization of $5.32 billion, a P/E ratio of 781.00 and a beta of 0.95. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 0.86. Aluminum Corp. of China Limited ADR Class H has a fifty-two week low of $6.96 and a fifty-two week high of $11.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its position in shares of Aluminum Corp. of China Limited ADR Class H by 38.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 242,811 shares of the basic materials company’s stock valued at $2,137,000 after purchasing an additional 67,825 shares during the period. Aperio Group LLC raised its stake 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of Aluminum Corp. of China Limited ADR Class H by 75.9% in the second quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock valued at $243,000 after buying an additional 11,905 shares during the period. Corient Capital Partners LLC acquired a new stake in shares of Aluminum Corp. of China Limited ADR Class H in the third quarter valued at $81,000. Finally, Renaissance Technologies LLC boosted its stake in Aluminum Corp. of China Limited ADR Class H by 1.2% during the second quarter. Renaissance Technologies LLC now owns 529,300 shares of the basic materials company’s stock valued at $4,658,000 after buying an additional 6,300 shares in the last quarter. 0.29% of the stock is owned by hedge funds and other institutional investors.

About Aluminum Corp. of China Limited ADR Class H

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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