Alcoa Inc Receives a Hold from RBC Capital

By Ryan Adsit

RBC Capital analyst Fraser Phillips reiterated a Hold rating on Alcoa Inc (NYSE: AA) yesterday and set a price target of $43. The company’s shares opened today at $35.14.

According to TipRanks.com, Phillips is a top 100 analyst with an average return of 65.3% and a 61.5% success rate. Phillips covers the Basic Materials sector, focusing on stocks such as Stillwater Mining Company, Teck Resources Limited, and Thompson Creek Metals.

Alcoa Inc has an analyst consensus of Moderate Buy, with a price target consensus of $39.

The company has a one year high of $39.78 and a one year low of $20. Currently, Alcoa Inc has an average volume of 4.4M.

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock.

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Alcoa Corp. engages in the production of bauxite, alumina and aluminum products. It also produces non metallurgical grade alumina to industrial chemical operations in North America, Latin America, Europe and Asia. The company operates through the following segments: Bauxite, Alumina, Aluminum, Cast Products, Rolled Products and Energy. It supplies integrated resources from mining to refining, smelting, casting and rolling. Its aluminum cast houses produces a portfolio of aluminum billet, foundry ingot, rolling slab, rod, powder and proprietary alloys. The company is headquartered in New York, NY.