CLSA upgraded shares of Aluminum Corporation of China Limited (NYSE:ACH) from an underperform rating to a buy rating in a research report sent to investors on Monday morning, The Fly reports.

Separately, BidaskClub upgraded shares of Aluminum Corporation of China Limited from a buy rating to a strong-buy rating in a report on Wednesday, July 19th.

Shares of Aluminum Corporation of China Limited (NYSE:ACH) opened at 18.41 on Monday. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 105.20 and a beta of 0.10. Aluminum Corporation of China Limited has a 12-month low of $8.77 and a 12-month high of $19.27. The stock has a 50 day moving average price of $16.01 and a 200-day moving average price of $13.34.

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Several hedge funds and other institutional investors have recently modified their holdings of ACH. Frontier Wealth Management LLC acquired a new position in shares of Aluminum Corporation of China Limited during the second quarter worth about $157,000. Citigroup Inc. boosted its position in shares of Aluminum Corporation of China Limited by 6.3% in the second quarter. Citigroup Inc. now owns 121,106 shares of the basic materials company’s stock worth $1,560,000 after buying an additional 7,173 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Aluminum Corporation of China Limited by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 113,885 shares of the basic materials company’s stock worth $1,467,000 after buying an additional 6,806 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Aluminum Corporation of China Limited by 43.0% in the second quarter. Profund Advisors LLC now owns 19,928 shares of the basic materials company’s stock worth $257,000 after buying an additional 5,988 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Aluminum Corporation of China Limited by 2.2% in the second quarter. State Street Corp now owns 27,647 shares of the basic materials company’s stock worth $356,000 after buying an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 0.32% of the company’s stock.

About Aluminum Corporation of China Limited

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