Posted by admin on May 25th, 2022

Aluminum Co. of China (NYSE:ACH – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, 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. “

A number of other analysts also recently weighed in on ACH. HSBC upgraded shares of Aluminum Co. of China from a “reduce” rating to a “hold” rating in a report on Wednesday, March 23rd. StockNews.com downgraded shares of Aluminum Co. of China from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 11th.

ACH stock traded up $0.23 during midday trading on Wednesday, hitting $10.84. The company’s stock had a trading volume of 3,551 shares, compared to its average volume of 135,894. Aluminum Co. of China has a 12 month low of $9.00 and a 12 month high of $23.90. The company has a quick ratio of 0.69, a current ratio of 1.08 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 8.76 and a beta of 1.65. The company has a 50 day moving average of $12.87 and a two-hundred day moving average of $13.87.

Aluminum Co. of China (NYSE:ACH – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The basic materials company reported $0.37 earnings per share for the quarter. Aluminum Co. of China had a net margin of 1.71% and a return on equity of 6.67%. The company had revenue of $11.92 billion for the quarter. On average, analysts anticipate that Aluminum Co. of China will post 1.87 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ACH. Renaissance Technologies LLC boosted its position in Aluminum Co. of China by 11.6% in the 3rd quarter. Renaissance Technologies LLC now owns 494,700 shares of the basic materials company’s stock valued at $9,246,000 after buying an additional 51,600 shares during the period. BlackRock Inc. raised its stake in shares of Aluminum Co. of China by 62.7% during the 1st quarter. BlackRock Inc. now owns 474,094 shares of the basic materials company’s stock worth $6,860,000 after acquiring an additional 182,653 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Aluminum Co. of China by 772.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 314,126 shares of the basic materials company’s stock worth $5,871,000 after acquiring an additional 278,111 shares in the last quarter. Millennium Management LLC raised its stake in shares of Aluminum Co. of China by 600.2% during the 4th quarter. Millennium Management LLC now owns 176,689 shares of the basic materials company’s stock worth $2,426,000 after acquiring an additional 151,454 shares in the last quarter. Finally, OLD Mission Capital LLC raised its stake in shares of 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 worth $879,000 after acquiring an additional 136,158 shares in the last quarter.

About Aluminum Co. of China (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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