Last Updated :
16 May 2009 at 05:00 IST
Alcoa set to gain on Goldman rate-update
Commodity Online
Alcoa Inc. (NYSE:AA) is witnessing an up-trend followed by rating update for the stock by Goldman Sachs to ‘Buy ’.
Alcoa Inc. is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined.
Trading platform that even a 5 year old can trade. Join now Goldman reasons that AA has created tremendous value for shareholders via. “attractive risk-reward for medium- to long-term investors”.
AA recorded a net-loss of $497 million in Q1 2009 influenced by low demand for aluminum and fragile metal prices globally. Although a firm capital upturn of AA has neutralised its financial fundamentals.
Notably, As mentioned in a recent disclosure report filed with the House clerk's office AA initiated an expense of $480,000 in Q1 2009 to lobby the Federal Government & Federal Energy Regulatory Commission on energy and other issues.
Alcoa Inc. gained 3.32% at New York Stock Exchange on Friday. It touched a 52-week high of 44.77 and low of 4.97.
MCX Silver 05 September 2012
contract was trading at
Rs 56922 . What's your view on it?
After reading this article, people also read:
