Alumina Limited (OTCMKTS:AWCMY – Get Rating) shares hit a new 52-week low on Friday . The stock traded as low as $3.43 and last traded at $3.51, with a volume of 10840 shares changing hands. The stock had previously closed at $3.65.
Analysts Set New Price Targets
AWCMY has been the topic of several analyst reports. The Goldman Sachs Group cut Alumina from a “neutral” rating to a “sell” rating in a research report on Thursday, June 9th. Citigroup cut Alumina from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 24th. Finally, Macquarie cut Alumina from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 7th.
Alumina Trading Down 3.7 %
The company has a fifty day moving average price of $4.09 and a 200 day moving average price of $4.70.
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, Guinea, Brazil, Spain, and Saudi Arabia; and holds a 55% interest in the Portland aluminum smelter in Victoria, Australia.
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