Alumina Limited Rating Lowered to Sell at Goldman Sachs

Alumina Limited was downgraded by Goldman Sachs from a “neutral” rating to a “sell” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of Alumina Limited from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 9th. Separately, analysts at JPMorgan Chase upgraded shares of Alumina Limited from an “underweight” rating to a “neutral” rating in a research note to investors on Friday, November 23rd. Finally, analysts at Bank of America upgraded shares of Alumina Limited from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 2nd.

Six investment analysts have rated the stock with a buy rating, four have assigned a hold rating, and five have issued a sell rating to the company. The stock currently has a consensus rating of “hold” and a consensus price target of $4.64.

Alumina Limited traded up 2.27% on Thursday, hitting $4.50. Alumina Limited has a 1-year low of $2.65 and a 1-year high of $5.94. The stock’s 50-day moving average is currently $3.99. The company has a market cap of $2.744 billion and a price-to-earnings ratio of 61.11.

Alumina Limited is an Australia-based company. The Company is engaged in investing in bauxite mining, alumina refining and selected aluminum smelting operations through its 40% ownership of Alcoa World Alumina and Chemicals.