What Will The Effects of a JPMorgan Downgrade Be For Alumina (AWCMY) Shares?

Alumina Limited (OTCMKTS:AWCMY) Logo

Alumina (AWCMY) Receives a Downgrade

JPMorgan decreased shares of Alumina (AWCMY) stock from a Overweight rating to a Neutral rating in an analyst report revealed to clients and investors on Thursday, 6 December.

The stock decreased 3.00% or $0.2 during the last trading session, reaching $6.38. About shares traded. Alumina Limited (AWCMY) has 0.00% since December 7, 2017 and is . It has underperformed by 15.62% the S&P500.

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 market cap of $4.56 billion. The firm 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. It has a 9.38 P/E ratio. It also provides shipping services through owned and chartered vessels that transport dry and liquid bulk cargoes, including bauxite, alumina, caustic soda, fuel oil, petroleum, coke, and limestone.

Another recent and important Alumina Limited (OTCMKTS:AWCMY) news was published by Seekingalpha.com which published an article titled: “Alumina Limited: A Stock With A Current 8.8% Dividend In One Of The World’s Fastest Economic Growth Areas – Seeking Alpha” on July 17, 2018.

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