Aluminum Co. of China (NYSE:ACH) Upgraded to Strong-Buy by StockNews.com

Aluminum Co. of China (NYSE:ACHGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Aluminum Co. of China from a “buy” rating to a “sell” rating in a research report on Thursday, January 13th. HSBC upgraded shares of Aluminum Co. of China from a “reduce” rating to a “hold” rating in a research report on Wednesday, March 23rd.

NYSE:ACH opened at $11.31 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.58 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $14.86 and its 200-day moving average price is $14.51. Aluminum Co. of China has a twelve month low of $10.58 and a twelve month high of $23.90. The company has a market cap of $7.70 billion, a P/E ratio of 9.12 and a beta of 1.59.

Hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Aluminum Co. of China in the 3rd quarter valued at $941,000. OLD Mission Capital LLC increased its stake in Aluminum Co. of China by 415.3% in the 3rd quarter. OLD Mission Capital LLC now owns 168,947 shares of the basic materials company’s stock valued at $879,000 after buying an additional 136,158 shares during the period. BlackRock Inc. increased its stake in Aluminum Co. of China by 2.0% in the 3rd quarter. BlackRock Inc. now owns 313,901 shares of the basic materials company’s stock valued at $5,867,000 after buying an additional 6,009 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Aluminum Co. of China in the 3rd quarter valued at $243,000. Finally, LPL Financial LLC acquired a new position in Aluminum Co. of China in the 3rd quarter valued at $235,000.

Aluminum Co. of China Company Profile (Get Rating)

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, aluminum alloys, and carbon products in the People's Republic of China and internationally. The company operates through five segments: Alumina, Primary Aluminum, Trading, Energy, and Corporate and Other Operating.

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