Aluminum Co. of China (NYSE:ACH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $10.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.61% from the company’s current price.
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. “
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Aluminum Co. of China from a “buy” rating to a “hold” rating in a research report on Monday, November 23rd. BidaskClub cut shares of Aluminum Co. of China from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.
Aluminum Co. of China (NYSE:ACH) last posted its quarterly earnings results on Tuesday, October 27th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $7.09 billion for the quarter.
A number of institutional investors have recently added to or reduced their stakes in ACH. Arrowstreet Capital Limited Partnership lifted its stake in shares of Aluminum Co. of China by 58.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 262,047 shares of the basic materials company’s stock worth $1,363,000 after buying an additional 97,053 shares in the last quarter. OLD Mission Capital LLC grew its holdings in Aluminum Co. of China by 415.3% during the 3rd quarter. OLD Mission Capital LLC now owns 168,947 shares of the basic materials company’s stock valued at $879,000 after purchasing an additional 136,158 shares during the last quarter. Aperio Group LLC grew its holdings in Aluminum Co. of China by 51.1% during the 3rd quarter. Aperio Group LLC now owns 64,042 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 21,671 shares during the last quarter. Jane Street Group LLC purchased a new stake in Aluminum Co. of China in the 3rd quarter valued at about $239,000. Finally, Marshall Wace LLP purchased a new stake in Aluminum Co. of China in the 2nd quarter valued at about $83,000. 0.36% of the stock is owned by institutional investors.
Aluminum Co. of China 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 chemical alumina and metal gallium.
Read More: Gap Up Stocks
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Aluminum Co. of China Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aluminum Co. of China and related companies with MarketBeat.com's FREE daily email newsletter.