Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Downgraded by Goldman Sachs Group

Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) was downgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday, FinViz reports.

A number of other research firms have also issued reports on ACH. CLSA upgraded shares of Aluminum Corp. of China Limited ADR Class H from an “underperform” rating to an “outperform” rating in a report on Friday, November 15th. Macquarie initiated coverage on shares of Aluminum Corp. of China Limited ADR Class H in a report on Friday. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Aluminum Corp. of China Limited ADR Class H from a “sell” rating to a “hold” rating in a report on Friday, December 27th. Finally, ValuEngine lowered shares of Aluminum Corp. of China Limited ADR Class H from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Aluminum Corp. of China Limited ADR Class H presently has an average rating of “Hold” and a consensus target price of $9.86.

Shares of ACH stock traded down $0.40 during trading hours on Tuesday, reaching $8.54. 803 shares of the stock traded hands, compared to its average volume of 28,174. Aluminum Corp. of China Limited ADR Class H has a 1-year low of $6.96 and a 1-year high of $11.11. The business has a fifty day moving average price of $8.13 and a 200 day moving average price of $8.02. The company has a quick ratio of 0.49, a current ratio of 0.78 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $5.91 billion, a PE ratio of 863.00 and a beta of 1.00.

Several institutional investors have recently bought and sold shares of ACH. Envestnet Asset Management Inc. boosted its position in shares of Aluminum Corp. of China Limited ADR Class H by 9.1% in the 2nd 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. Renaissance Technologies LLC lifted its position in Aluminum Corp. of China Limited ADR Class H by 1.2% during the 2nd quarter. Renaissance Technologies LLC now owns 529,300 shares of the basic materials company’s stock worth $4,658,000 after acquiring an additional 6,300 shares during the period. Northern Trust Corp lifted its position in Aluminum Corp. of China Limited ADR Class H by 0.5% during the 2nd quarter. Northern Trust Corp now owns 386,401 shares of the basic materials company’s stock worth $3,400,000 after acquiring an additional 1,835 shares during the period. Parametric Portfolio Associates LLC lifted its position in 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 worth $2,137,000 after acquiring an additional 67,825 shares during the period. Finally, Jane Street Group LLC lifted its position in Aluminum Corp. of China Limited ADR Class H by 75.9% during the 2nd quarter. Jane Street Group LLC now owns 27,599 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 11,905 shares during the period. 0.29% of the stock is owned by hedge funds and other 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.

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

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