The stock of Aluminum Corp. of China Limited (ADR) (NYSE:ACH) hit a new 52-week high and has $12.11 target or 5.00% above today’s $11.53 share price. The 8 months bullish chart indicates low risk for the $9.25B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $12.11 price target is reached, the company will be worth $462.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 65,166 shares traded hands or 37.80% up from the average. Aluminum Corp. of China Limited (ADR) (NYSE:ACH) has risen 27.43% since April 22, 2016 and is uptrending. It has outperformed by 22.02% the S&P500.
Aluminum Corp. of China Limited (ADR) (NYSE:ACH) Ratings Coverage
Out of 2 analysts covering Alum. Corp China (NYSE:ACH), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Alum. Corp China has been the topic of 3 analyst reports since August 31, 2015 according to StockzIntelligence Inc. As per Monday, December 7, the company rating was downgraded by Goldman Sachs. The rating was upgraded by Credit Suisse to “Neutral” on Monday, August 31. Goldman Sachs upgraded the shares of ACH in a report on Thursday, March 24 to “Neutral” rating.
According to Zacks Investment Research, “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.”
More important recent Aluminum Corp. of China Limited (ADR) (NYSE:ACH) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Fool.com published article titled: “3 Top Aluminum Stocks to Buy in 2016”, Fool.com published: “5 Things Alcoa Wants You to Know About Its Post-Split Future” on November 27, 2015. More interesting news about Aluminum Corp. of China Limited (ADR) (NYSE:ACH) was released by: Quotes.Wsj.com and their article: “News Alcoa Corp.AA” with publication date: February 11, 2011.
ACH Company Profile
Aluminum Corporation of China Limited (Chalco), incorporated on October 10, 2001, is an aluminum producer with activities in bauxite and coal mining, alumina refining and primary aluminum smelting. The Firm also produces ancillary services and products derived from or related to its aluminum operations. The Firm organizes and manages its activities in five divisions: alumina segment, primary aluminum segment, trading segment, energy segment, and corporate and other operating segment. The Firm is also engaged in trading of alumina, primary aluminum, aluminum fabrication products, other non-ferrous metal products, coal products and raw and ancillary materials in bulk domestically and internationally. In addition, the Company is also engaged in coal mining, power generation, research and development activities, and other services and products. The Company’s corporate and other operating segment includes corporate and other aluminum-related research, development and other activities.
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