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Alumina Limited Shares Downgraded to “Hold” by RBS Analysts (AWC)
Edited by : AL CIRCLE
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Alumina Limited (NYSE: AWC) was downgraded by equities research analysts at RBS (LON: RBS) from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
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 (AWAC). Its partner, Alcoa, owns the remaining 60% of AWAC, and is the manager. The Company’s other subsidiaries include Alumina Finance Limited, Alumina Holdings (USA) Inc., Alumina International Holdings Pty. Ltd., Alumina Brazil Holdings Pty Ltd, Alumina (U.S.A.) Inc., Butia Participacoes SA, Westminer Acquisition (U.K.) Limited, Westminer International (U.K.) Limited and Westminer (Investments) B.V. AWAC conducts bauxite mining operations in Australia, Brazil, Suriname, Jamaica and has an interest in a mine in Guinea.
Alumina Limited traded down 1.56% on Friday, hitting $5.04. Alumina Limited has a 1-year low of $4.47 and a 1-year high of $11.46. The stock has a 50-day moving average of $5.19 and a 200-day moving average of $6.00. The company has a market cap of $3.074 billion and a price-to-earnings ratio of 53.33.
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 (AWAC). Its partner, Alcoa, owns the remaining 60% of AWAC, and is the manager. The Company’s other subsidiaries include Alumina Finance Limited, Alumina Holdings (USA) Inc., Alumina International Holdings Pty. Ltd., Alumina Brazil Holdings Pty Ltd, Alumina (U.S.A.) Inc., Butia Participacoes SA, Westminer Acquisition (U.K.) Limited, Westminer International (U.K.) Limited and Westminer (Investments) B.V. AWAC conducts bauxite mining operations in Australia, Brazil, Suriname, Jamaica and has an interest in a mine in Guinea.
Alumina Limited traded down 1.56% on Friday, hitting $5.04. Alumina Limited has a 1-year low of $4.47 and a 1-year high of $11.46. The stock has a 50-day moving average of $5.19 and a 200-day moving average of $6.00. The company has a market cap of $3.074 billion and a price-to-earnings ratio of 53.33.
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