Current average rating of Alumina Limited stock settles in 'hold'

Alumina Limited was upgraded by equities research analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday.

A number of other analysts have also recently weighed in on AWC. 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. 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.

Five equities research analysts have rated the stock with a buy rating, six have given a hold rating, and three have given a sell rating to the stock. Alumina Limited currently has an average rating of “hold” and a consensus target price of $4.36.

Shares of Alumina Limited traded up 3.89% during mid-day trading on Wednesday, hitting $4.27. Alumina Limited has a 52 week low of $2.65 and a 52 week high of $5.94. The stock’s 50-day moving average is currently $3.84. The company has a market cap of $2.604 billion and a P/E ratio of 57.08.

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).