Jefferies Financial Group upgraded shares of Alumina (OTCMKTS:AWCMY) from an underperform rating to a buy rating in a research note released on Monday morning, The Fly reports.
A number of other research analysts also recently issued reports on the stock. Macquarie upgraded shares of Alumina from an underperform rating to an outperform rating in a research report on Monday. Credit Suisse Group downgraded shares of Alumina from an outperform rating to a neutral rating in a research report on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Alumina from an underweight rating to a neutral rating in a research report on Tuesday, February 25th. Goldman Sachs Group upgraded shares of Alumina from a neutral rating to a buy rating in a research report on Thursday, March 19th. Finally, ValuEngine upgraded shares of Alumina from a hold rating to a buy rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy.
Shares of OTCMKTS AWCMY opened at $3.85 on Monday. The company has a market capitalization of $2.36 billion, a P/E ratio of 4.01 and a beta of 0.66. Alumina has a 52-week low of $3.09 and a 52-week high of $7.41. The company’s 50 day moving average price is $4.89 and its 200-day moving average price is $5.99.
Alumina Limited, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting businesses. The company has a network of bauxite mines and alumina refineries in Australia, the United States, Guinea, Brazil, and Spain, as well as an interest in a smelter in Victoria Australia; and a bauxite mine and alumina refinery in Saudi Arabia.
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