Aluminum Corp. of China Limited (NYSE:ACH)’s share price hit a new 52-week high on Thursday . The stock traded as high as $23.52 and last traded at $23.53, with a volume of 42,472 shares trading hands. The stock had previously closed at $23.22.

Several brokerages have commented on ACH. CLSA upgraded Aluminum Corp. of China Limited from an “underperform” rating to a “buy” rating in a report on Monday, August 28th. J P Morgan Chase & Co began coverage on Aluminum Corp. of China Limited in a report on Monday, September 25th. They set a “neutral” rating on the stock. Finally, BidaskClub upgraded Aluminum Corp. of China Limited from a “hold” rating to a “buy” rating in a report on Saturday, July 1st.

The company has a market cap of $13.44 billion, a P/E ratio of 90.16 and a beta of 0.11. The company’s 50-day moving average is $20.20 and its 200 day moving average is $14.94.

Several institutional investors have recently made changes to their positions in ACH. Frontier Wealth Management LLC bought a new stake in shares of Aluminum Corp. of China Limited during the 2nd quarter worth approximately $157,000. Profund Advisors LLC raised its stake in shares of Aluminum Corp. of China Limited by 43.0% during the 2nd quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 5,988 shares in the last quarter. State Street Corp raised its stake in shares of Aluminum Corp. of China Limited by 2.2% during the 2nd quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock worth $356,000 after purchasing an additional 607 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Aluminum Corp. of China Limited by 6.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock worth $1,467,000 after purchasing an additional 6,806 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Aluminum Corp. of China Limited by 6.3% during the 2nd quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock worth $1,560,000 after purchasing an additional 7,173 shares in the last quarter. Institutional investors own 0.32% of the company’s stock.

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Aluminum Corp. of China Limited Company Profile

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