Aluminum Corporation of China Limited (ACH) Coverage Initiated by Analysts at J P Morgan Chase & Co

J P Morgan Chase & Co started coverage on shares of Aluminum Corporation of China Limited (NYSE:ACH) in a research report sent to investors on Monday morning. The brokerage issued a neutral rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Aluminum Corporation of China Limited from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. CLSA raised shares of Aluminum Corporation of China Limited from an underperform rating to a buy rating in a research note on Monday, August 28th.

Aluminum Corporation of China Limited (NYSE ACH) opened at 21.06 on Monday. The stock has a market cap of $12.55 billion, a P/E ratio of 84.24 and a beta of 0.08. The stock has a 50 day moving average of $18.30 and a 200 day moving average of $14.08. Aluminum Corporation of China Limited has a 12-month low of $8.95 and a 12-month high of $23.46.

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A number of institutional investors have recently added to or reduced their stakes in ACH. Frontier Wealth Management LLC acquired a new stake in Aluminum Corporation of China Limited in the 2nd quarter valued at $157,000. Profund Advisors LLC grew its stake in Aluminum Corporation of China Limited by 43.0% in the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 5,988 shares during the period. State Street Corp grew its stake in Aluminum Corporation of China Limited by 2.2% in the 2nd quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock valued at $356,000 after acquiring an additional 607 shares during the period. Parametric Portfolio Associates LLC grew its stake in Aluminum Corporation of China Limited by 6.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock valued at $1,467,000 after acquiring an additional 6,806 shares during the period. Finally, Citigroup Inc. grew its stake in Aluminum Corporation of China Limited by 6.3% in the 2nd quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock valued at $1,560,000 after acquiring an additional 7,173 shares during the period. 0.32% of the stock is currently owned by hedge funds and other institutional investors.

About Aluminum Corporation of China Limited

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