Aluminum Corp. of China Limited ADR Class H (ACH) Given Average Recommendation of “Hold” by Analysts

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company.

A number of equities analysts recently issued reports on ACH shares. 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 Tuesday, January 15th. HSBC raised shares of Aluminum Corp. of China Limited ADR Class H from a “hold” rating to a “buy” rating in a research note on Friday, January 18th. ValuEngine raised shares of Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Morgan Stanley downgraded shares of Aluminum Corp. of China Limited ADR Class H from an “overweight” rating to an “underweight” rating in a research note on Friday, December 14th. Finally, Goldman Sachs Group downgraded shares of Aluminum Corp. of China Limited ADR Class H from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 12th.

ACH stock opened at $9.13 on Tuesday. Aluminum Corp. of China Limited ADR Class H has a 1 year low of $7.44 and a 1 year high of $16.48. The stock has a market capitalization of $5.42 billion, a P/E ratio of 37.92 and a beta of 0.81. The company has a quick ratio of 0.58, a current ratio of 0.87 and a debt-to-equity ratio of 0.77.

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in Aluminum Corp. of China Limited ADR Class H by 140.7% in the third quarter. Jane Street Group LLC now owns 40,875 shares of the basic materials company’s stock worth $453,000 after purchasing an additional 23,895 shares during the period. BlackRock Inc. grew its holdings in Aluminum Corp. of China Limited ADR Class H by 25.0% in the second 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 period. Finally, Hsbc Holdings PLC purchased a new stake in Aluminum Corp. of China Limited ADR Class H in the third quarter worth about $7,610,000. 0.44% of the stock is owned by 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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Analyst Recommendations for Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

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